Those of you who follow the travels and travails of Rich Dad Poor Dad author Robert Kiyosaki will be interested to see this:
NY Post: “Rich Dad Poor Dad” Author Files BK
So it appears that one thing Mr. Kiyosaki’s “rich dad” taught him was that corporate BK is a perfectly valid method for retaining and shielding one’s personal wealth. In the three Rich Dad books I read, Kiyosaki was quite insistent that creating businesses and setting up corporations was a must.
Because hey, you never know when you’re gonna lose a lawsuit for a $24 million breach of contract.