Anyone can run into their fair share of financial difficulties, including an Olympic gold winner medalist. Take for example Rulon Gardner, the wrestler who in 2000 beat an undefeated heavyweight class wrestler from Russia. The next year, Gardner even won the world title in Greco-Roman wrestling.
In our last post we briefly talked about Chapter 11 bankruptcy, focusing on how many businesses will file for this type of bankruptcy with the hopes of reorganizing debts while still remaining in operation. However, businesses are not the only types to file for Chapter 11 bankruptcy, as individuals do too.