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  • Robert Weed

After bankruptcy success: Rangers in World Series

Hall of Fame pitcher Nolan Ryan

Hall of Fame Pitcher Nolan Ryan buys Rangers in bankruptcy sale

This would have been a better after bankruptcy success story if they had won.   Instead, the Texas Rangers, who filed a Chapter 11 bankruptcy this summer, were American League champions, but lost the World Series four games to one.

Still, for people who worry that bankruptcy is the end of everything, look at the example of the Texas Rangers.   They were the second best team in baseball the same year they filed bankruptcy.

This is a reminder:  The purpose of bankruptcy is to help you.  Help you get a “new opportunity in life and the clear field for future effort.”   (That’s what the Supreme Court said.)

Your World Series ring may still be ahead.

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