Well i don't actually know the ins and outs as to why he is bankrupt, so maybe this is a bad example. It is awful for people to declare bankruptcy, majority of it from being misfortunate maybe, business not taking off, too many risks with little reward etc...Its easy to say that without being in his position, any amount of money and the equal debt is relative.
Its an awful thing to go through for anyone, i read somewhere that 75% of Professional players are declared bankrupt less than 3 years after leaving the game.
But if these idiots who are millionaires practically overnight, are declaring bankruptcy through being careless with their money and spunking it on ' wants ' rather than needs, then they only have themselves to blame and for that, there is no sympathy from me.
Like i said, i've no idea why James' is bankrupt, so maybe not the best example.