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Bankruptcy is just a joke, really

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Bankruptcy is like a toothless tiger that benefits the bankrupt more than the victims

A former rich-lister recently discharged from bankruptcy is heading back to court, facing charges including misleading authorities and concealing property.

Jamie Peters, who made the National Business Review Rich List in 2006 with an estimated fortune of $40 million, was declared bankruptin 2009 owing more than $100 million. Read more »