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Top 50 interesting facts about Bankrupting

Following is our collection of incredible Bankrupting fact check articles and charts explaining insights about Bankrupting. Sometimes weird, funny, and true Bankrupting facts.

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What is Bankrupting?
  1. After years of competition between Chuck E Cheese and Showbiz Pizza, Chuck E Cheese went bankrupt and was bought by Showbiz Pizza, who then proceeded to rebrand their locations as Chuck E Cheese.

  2. In 1987 a jury awarded Michael Donald's mother $7 million in damages against the United Klans of America after 4 members lynched her son in '81 & this settlement bankrupted the organization.

  3. In 1997, Bill Gates invested $150 million in Apple to save it from going bankrupt.

  4. The Cali Cartel murdered so many people and dumped their bodies in the Cauca River that the local municipality was eventually bankrupt by the cost of recovering corpses and conducting autopsies.

  5. About the Great California flood of 1862 - which submerged Sacramento under 10 feet of water and turned California’s Central Valley into a vast inland sea spanning 300 miles long, 20 miles wide and 30 feet deep. It killed thousands, bankrupted the state and historically happens every 200 years.

  6. A Californian care home that went bankrupt. About 16 elderly residents were abandoned, most staff left but the janitor and the cook stayed behind to care for the residents at their own expense

  7. Nintendo has such a large cash reserve it could lose $250 million every year and wouldn't go bankrupt until 2052.

  8. Lorenzo Music, the voice of Garfield, volunteered with a suicide hotline. He recalled that sometimes a caller would change their tone upon hearing his voice: "I am bankrupt, my wife ran off with another man... Hey you sound just like that cat on TV!"

  9. A 2009 study found that two years after retirement, 78% of former NFL players are under financial stress or have gone completely bankrupt.

  10. After Gawker ran a story exposing billionaire Peter Thiel's homosexuality, he funded dozens of lawsuits against the media company bankrupting it

Data charts about Bankrupting

bankrupting fact data chart about The complex ownership structure of the recently bankrupt Tho
The complex ownership structure of the recently bankrupt Thomas Cook Group

bankrupting fact data chart about [UK] Spent by Sunday making the argument against the "Labour
[UK] Spent by Sunday making the argument against the "Labour has bankrupt the country" rhetoric

What are some fun facts about bankrupting?

The company who created the Etch A Sketch was about to go bankrupt, right before they signed a deal with Pixar to have their product shown in Toy Story in 1995. The scene was only 12 seconds long, but it gave the company a 20% sales increase that saved the company.

Two years after retirement, 78% of NFL players have gone bankrupt or are under financial stress. In the NBA, five years after retirement 60% of players are broke.

In 2002, Sega's president gifted all $695 million of his own company stock to save Sega from going bankrupt due to the Dreamcast; he died shortly afterwards following an arduous battle with cancer.

Will Smith owed $2.8 Million to the IRS and almost went bankrupt, just before he signed the contract for The Fresh Prince Of Bel-Air

Lottery winners’ neighbours have a higher chance of going bankrupt, because they try to keep up with the winners' increased rate of spending.

Louis Chevrolet, the founder of Chevrolet died bankrupt and poor working as a mechanic for the company he started.

Techno Viking sued, censored and bankrupted the producer of the original video that started the meme.

Victoria's Secret founder sold it for $4m. (It's now worth over $5bn.) He then tried to start a children's retail store, and went bankrupt. He jumped to his death from the Golden Gate Bridge at age 46.

Buddy Fletcher, husband of Reddit CEO Ellen Pao, is being described as being the operator of Ponzi scheme after his now bankrupt firm diverted money for their own use and, according to the Chapter 11 trustee, committed fraud against investors. Three Louisiana pension funds lost $144 million.

Victoria's Secret founder sold it for just $4m. (It's now worth more than $5bn.) He then tried to start a children's retail store, and went bankrupt. He jumped to his death from the Golden Gate Bridge at age 46 .

The average NFL career lasts about three years; nearly 80 percent of players are bankrupt within three years of retirement. - fact check

Ellen Pao's husband Buddy Fletcher is a former hedge fund manager, but his fund went bankrupt after Fletcher and associates diverted investor funds for their own personal benefit, causing the loss millions of $$$ to Louisiana pensioners. He is now under investigation for civil fraud.

A trading company went bankrupt after a software engineer forgot to set a single flag on a server, resulting in a loss of 460 million dollars in 45 minutes.

In 1986 165,000 people paid Jim and Tammy Faye Bakker $1000 for a lifetime annual weekend pass at the new Heritage USA Christian resort. The park went bankrupt after IRS troubles, and the donors got back $6.54 each.

Troop Sport, a popular streetwear brand in the '80s and '90s, went bankrupt because of fake rumors that it was owned by the KKK.

Within a few years of retirement, the majority of NFL and NBA players are bankrupt or in severe financial distress.

The developers of Game Dev Tycoon released a pirated version that caused players to go bankrupt because of piracy

Big Lots completed and sold 100 Delorean Cars from parts when Delorean went bankrupt in 1982

At the height of its power, now bankrupt Kodak employed more than 140,000 people and was worth $28 billion. In comparison, when Instagram was sold to Facebook for a billion dollars in 2012, it employed only 13 people.

The box-office mega-flop "Battlefield Earth" was co-produced by John Travolta (a Scientologist and the film's villain) and based on an L. Ron Hubbard book. Its production company was convicted of fraud and went bankrupt.

The developers of a game called Game Dev Tycoon, released 2 versions of their game; one was an official release, and the other was a pirated version released directly onto pirating sites. The only difference between them was that in the latter, in-game companies would go bankrupt due to piracy. - fact check

The original Final Fantasy game got its title because Square thought it would go bankrupt and the title would be its final game. It ended up saving the company from bankruptcy.

78% of NFL players are either bankrupt or commit suicide within two years of retirement.

A computer tech forgot to install some new code in a server. This resulted in a high speed stock trading company that did $21 billion in daily trades to go bankrupt in 45 minutes

Eighty years ago Snow White was labelled "Disney's Folly" and expected to bankrupt the studio. It then went on to break industry records.