Jul 13, 2015

1- already reported
2- he isnt broke rly

 

Jul 13, 2015

just because you file for bankruptcy does not mean you are broke...

the legal system makes bankruptcy a lot more complicated then what it sounds like

• Chapter 7: basic liquidation for individuals and businesses; also known as straight bankruptcy; it is the simplest and quickest form of bankruptcy available

• Chapter 9: municipal bankruptcy; a federal mechanism for the resolution of municipal debts

• Chapter 11: rehabilitation or reorganisation, used primarily by business debtors, but sometimes by individuals with substantial debts and assets; known as corporate bankruptcy, it is a form of corporate financial reorganisation which typically allows companies to continue to function while they follow debt repayment plans

• Chapter 12: rehabilitation for family farmers and fishermen;

• Chapter 13: rehabilitation with a payment plan for individuals with a regular source of income; enables individuals with regular income to develop a plan to repay all or part of their debts; also known as Wage Earner Bankruptcy

• Chapter 15: ancillary and other international cases; provides a mechanism for dealing with bankruptcy debtors and helps foreign debtors to clear debts.

I am sure he is filing bankruptcy for one of his business ventures therefore unable to pay some "debt" he has under that particular business...

he does have PERSONAL INCOME with a bunch of 0's I am sure, even though some of his businesses are not being managed well at the moment - and he has a bunch of lawsuits he is fighting

 

Jul 13, 2015

Whats this gotta do with eminem....

 

Jul 13, 2015

You're really stupid