BEHIND THE NEWS: When the rich turn poor: Bankruptcies offer unique peek
Ex-Conseco Inc. officers Max Bublitz and Jim Adams filed for bankruptcy last year. So, you might be thinking, they must have hit bottom, overwhelmed by millions of dollars in debt stemming from their former employer’s ill-fated insider-loan program. Yet a different picture emerges from a review of their court filings and transcripts of court hearings. Yes, they say their assets are a shadow of their debts. But no, that doesn’t mean they’re going to start living like most of us….