Archive for the ‘celebrity bankruptcy’ Category

Famous People Who Have Filed for Bankruptcy

Tuesday, August 9th, 2011

Filing for bankruptcy has historically had a negative societal stigma unnecessarily. Even in 2011, when everyone knows someone who has filed for bankruptcy, the fear of what people will think of them, and what their financial future will be keeps many people tied up in disastrous financial situations. Back in the late 1990s, 1% of households in the U.S. were filing bankruptcy annually, in 2006 the number went up to 1.8. University of Michigan researcher Michelle J. White estimated that based on the debt to income ratio, at least 17% of U.S. households would be better off financially if they [...] In your opinion, is it viable and/or valuable for corporations to invest profits in social causes that provide no direct increase in profits or benefit to shareholders