Hockey breh declares bankruptcy. 26M in debt!!!!

[boskey]

What's funny is people saying "Why is it do difficult to invest" don't realise that the investments probably got him jammed up.

You keep the money in your account and buy meaningless trinkets, you're a fukking idiot still. Save some of that for a rainy day, but I digress.

Cash flow difficulties is usually the result of investments not paying for themselves. Guessing the pandemic mean he had to dip into his capital to cover some of his liabilities.

Bankruptcy is pretty much a means of restructuring debt. Gives him a bit of breathing room so that he can renegotiate payment plans in consideration of his current and expected income.

when people say invest they mean invest in safe low risk financial assets. Not money flipping schemes that you have no experience or knowledge of

 

[Umoja]

when people say invest they mean invest in safe low risk financial assets. Not money flipping schemes that you have no experience or knowledge of

This is why I find the topic amusing.

He may have invested in low risk assets. If that is the case, the purpose of the bankruptcy would be ensuring that he doesn't lose money on surrender charges when liquidating his assets.

 

[King Poetic]

I will never be at the point of having that much money unless the lottery come my way, so I’m out of homie tax bracket but damn at this

WHAT CARS WAS HE DRIVING???

From Kane’s Chapter 7 bankruptcy paperwork:

Total liabilities: $26,837,340

Monthly expenses: $93,214.46

Emergency cash: $2,500

Monthly income: $2,083 from podcast

Three houses

Taxes owed to the government: $256,320


$79,393 – American Express

$528,730 – Newport Sports Management, agent fee

$1.5 million – Cosmopolitan casino, gambling debt (according to the NY Post)

47 total creditors

$4,353 – monthly car payment for Vehicle 1

$4,557 – monthly car payment for Vehicle 2

7 dependants, including his mother, father, grandmother, two uncles, his sister and a daughter

 

[Actually6Foot3]

These dudes never have not one person in their corner. No family, no close friends, nobody in they ear to help make financially sound decisions. At the same time, he a grown man, I have no sympathy.

nah he probably does. Hes probably just hard headed as fukk. shyt I got broke friends I try to steer in the right direction and that shyt doesn't work. Imagine trying to tell a "rich" nikka what to do with his funds or that maybe buying 3 mansions is a bad idea. He's gonna call you a hater and do it any way.

 

[Actually6Foot3]

He gonna get through the bankruptcy whether Chapter 7 or 13 and still have more money than everyone hating on him in this thread.

if it's that easy best believe he hasn't learned shyt and will be right back here in a couple years.

 

[CoryMack]

Guarantee he signed the power of attorney.
Find out who is his agent, financial planner and accountants are and you’ll find out where most of that money went.

 

[concise]

nah he probably does. Hes probably just hard headed as fukk. shyt I got broke friends I try to steer in the right direction and that shyt doesn't work. Imagine trying to tell a "rich" nikka what to do with his funds or that maybe buying 3 mansions is a bad idea. He's gonna call you a hater and do it any way.

then you get subbed in a caption featuring his newest purchase

 

[ORDER_66]

I will never be at the point of having that much money unless the lottery come my way, so I’m out of homie tax bracket but damn at this

WHAT CARS WAS HE DRIVING???

From Kane’s Chapter 7 bankruptcy paperwork:

Total liabilities: $26,837,340

Monthly expenses: $93,214.46

Emergency cash: $2,500

Monthly income: $2,083 from podcast

Three houses

Taxes owed to the government: $256,320


$79,393 – American Express

$528,730 – Newport Sports Management, agent fee

$1.5 million – Cosmopolitan casino, gambling debt (according to the NY Post)

47 total creditors

$4,353 – monthly car payment for Vehicle 1

$4,557 – monthly car payment for Vehicle 2

7 dependants, including his mother, father, grandmother, two uncles, his sister and a daughter

$4K car payments??? why not just buy 1 car and k.i.m. 1.5 milly gambling debt???

 

[King Poetic]

I’m still amazed how he has 2 vehicles and paying $9,000 a month in payments

and how u taking care of 2 uncles

mom and pops and grandparents yeah

but unless your sisters or brothers are handicapped they need to be out in the world working

and if he doing this for family, I can just imagine the wannabe friends are begging for

 

[pete clemenza]

I will never be at the point of having that much money unless the lottery come my way, so I’m out of homie tax bracket but damn at this

WHAT CARS WAS HE DRIVING???

From Kane’s Chapter 7 bankruptcy paperwork:

Total liabilities: $26,837,340

Monthly expenses: $93,214.46

Emergency cash: $2,500

Monthly income: $2,083 from podcast

Three houses

Taxes owed to the government: $256,320


$79,393 – American Express

$528,730 – Newport Sports Management, agent fee

$1.5 million – Cosmopolitan casino, gambling debt (according to the NY Post)

47 total creditors

$4,353 – monthly car payment for Vehicle 1

$4,557 – monthly car payment for Vehicle 2

7 dependants, including his mother, father, grandmother, two uncles, his sister and a daughter

This guy is a fukking idiot

 

[Ezekiel 25:17]

I will never be at the point of having that much money unless the lottery come my way, so I’m out of homie tax bracket but damn at this

WHAT CARS WAS HE DRIVING???

From Kane’s Chapter 7 bankruptcy paperwork:

Total liabilities: $26,837,340

Monthly expenses: $93,214.46

Emergency cash: $2,500

Monthly income: $2,083 from podcast

Three houses

Taxes owed to the government: $256,320


$79,393 – American Express

$528,730 – Newport Sports Management, agent fee

$1.5 million – Cosmopolitan casino, gambling debt (according to the NY Post)

47 total creditors

$4,353 – monthly car payment for Vehicle 1

$4,557 – monthly car payment for Vehicle 2

7 dependants, including his mother, father, grandmother, two uncles, his sister and a daughter

Ole boy a whole retard. Here am I thinking my car collection would be too much. $4500 car payment is probably a Ferarri with zero down

 

[Rosecrans]

he can get out of this , hopefully he fixes up before he retires...

hes handsome no homo atleast the losses aint stress him physically

nah but all honesty gamblings a bytch and im sure CARONAVIRUS helped him kick his habbit.. ive been to hell and back due to gambling and officially quit last year.

hope he can turn it around no reason to be broke he gotta set an example you know they want us brehs to fail

Share that gambling story as a cautionary tale for all the coli gamblers breh

 

[MMA]

Gambling addiction, several adult dependents will do that to you. Give family that one time check to make life easier and keep it moving.

 

[Chrishaune]

Gambling addiction, several adult dependents will do that to you. Give family that one time check to make life easier and keep it moving.

Give them $25,000 each , tell them to hop on the stock market and make it happen.

 

[Elim Garak]

He's only 29 he still has time hopefully he learns a lesson if he remains healthy he will play for a long time.