Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: nickcarraway

The sonofabitch signs a 7-year $49M contract, and two years later files for bankruptcy. Ridiculous.


8 posted on 07/31/2021 10:06:26 PM PDT by twister881
[ Post Reply | Private Reply | To 1 | View Replies ]


To: twister881

How can that happen? If he’s two years into a 49 million dollar contract, he still has 35 million in future income. Did he have debts exceeding that future income? Do bankruptcy laws take into account future income in determining whether he can declare bankruptcy, as opposed to just paying his debts from future income?


12 posted on 07/31/2021 10:13:30 PM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson