{"id":16504,"date":"2013-12-22T17:12:15","date_gmt":"2013-12-22T17:12:15","guid":{"rendered":""},"modified":"2013-12-22T17:12:15","modified_gmt":"2013-12-22T17:12:15","slug":"Manny-Pacquiao-could-go-bankrupt","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=16504","title":{"rendered":"Manny Pacquiao could go bankrupt"},"content":{"rendered":"

What happens if boxer Manny Pacquiao suddenly gets injured or disabled in his next ring encounter?<\/strong> God forbid he does not because his fight purse won’t be enough to settle his maturing tax obligations to the U.S. and the Philippine governments.<\/p>\n

Nobody exactly knows at this time \u2014 except his close family and perhaps his financial adviser Michael Koncz \u2014 how much is his present net worth.<\/p>\n

But for sure he will go bankrupt if his current and fixed assets are not enough to cover up his financial obligations<\/strong>, which have been reported by BIR and IRS at $68 million. (BIR-$50 million, IRS-$18 million).<\/p>\n

The bigger question is, what if Pacquiao gets injured in his next fight?
\nObviously, Pacquiao will go bankrupt and that would be a sad ending of his colorful boxing career. The consequences would be enormous and wide-ranging as it would define his political career and aspirations.<\/p>\n

I would not be surprised. Manny seems so trusting and you know people take advantage of that!<\/strong><\/p>\n

Source<\/a>
\n<\/p>\n","protected":false},"excerpt":{"rendered":"

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