Bankruptcy Facts

T-Pain had $40 million in the bank. He bought a $1.7 million Bugatti. His manager sank the rest into properties T-Pain calls "complete dumps" in neighborhoods nobody wanted to live in. Not one of them sold. Within years, he was so broke he had to borrow money to buy his kids Burger King.

Marvel filed for bankruptcy in 1996 and sold Spider-Man to Sony and the X-Men to Fox. Spider-Man alone grossed $1.6 billion in films - Marvel got $62 million. Marvel kept the characters nobody wanted: Iron Man, Captain America, the Avengers. Iron Man made $585 million in 2008. Disney bought it all for $4.24 billion the following year.