This blog is all about my story of going from broke (and almost bankrupt) to the path of financial independence. I love sharing ideas for saving, investing, and winning with money. I hope that somehow my story will help others avoid the terrible mistakes I have made in the past. I also want readers to see that it is entirely possible to recover from bad money mistakes and become financially independent! However, today, I am going to talk about the opposite problem — going from millionaire status to bankrupt. Believe it or not, it happens all the time. I make a living representing businesses and business owners in bankruptcy cases. I have routinely witnessed the destruction of great wealth, and in this article I am going to share with you 7 reasons people go from millionaire status to bankrupt. Hopefully, these examples will help you keep and protect your hard-earned success! [Read more…] about How To Avoid Going From Millionaire to Bankrupt
It takes a lot of hard work to reach financial independence (“FI”). Whether you have reached FI or are still striving toward the goal, it’s a good idea to make sure your assets are protected against an unforeseen lawsuit.
None of us like to face the possibility of being sued. And I certainly don’t want to be a pessimist. However, as a bankruptcy attorney I have witnessed first-hand the many ways people get sued unexpectedly. Here are a few examples to consider: