Former NFL quarterback Bernie Kosar filed for bankruptcy. He was a star at the University of Miami, then played in the NFL for Cleveland, Dallas and Miami. His Chapter 11 filing listed assets between $1 million and $10 million and liabilities of between $10 million and $50 million, including more than $9 million for bad [...]
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Category Archives: Famous People
Thomas Jefferson filed bankruptcy
Thomas Jefferson was the third President of the United States – and he filed bankruptcy.
Jefferson was of course a widely respected man. But he was almost constantly in debt. Jefferson filed several bankruptcies in his lifetime. His debt was huge in comparison to most individuals’ bankruptcies today.
The point is, bankruptcy is nothing to be ashamed [...]