Is The Rich Jerk filing bankruptcy?

The blog world is one where word spreads fast, and people will report just about anything (you can Google the words Rich Jerk Bankruptcy to see what I mean). Well, here is an interesting story. You have one blogger report that a "close business associate" of his, in the know, says The Rich Jerk is reporting that he is selling his business to avoid bankruptcy, and the blog world jumps all over it. Well, apparently the Rich Jerk wrote him back, said it false and threatened to sue him. The blogger listed proof of the sale, which since has been pulled. You can go here to learn more on this:
http://www.shoemoney.com/2007/05/22/rich-jerk-kelly-felix-selling-the-empire-to-avoid-bankruptcy/

What is the story here? It is entirely possible The Rich Jerk is looking to sell his business and move on. But, you have the news in the hands of a competitor and it is spun all sorts of ways. Or maybe The Rich Jerk is trying to avoid debt. Well, you had some other forums label RJ's stuff as an MLM (oh yes, file it with all the other MLMs, because they are all scams, right?). And you have this blogger I describe do a tear down, and have himself showing his great six figure income google check.

Don't believe a word of it or the hype. What matters is you, and your success, not this Internet blogging rumors and teardowns. Shoot, don't even believe what I have to tell you, and take it at face value. I am just one person who has made some money on the Internet, and been through the paces. I had a business associate once tell me that discussion forums are filled with people with their own agendas who look to tear down others to promote themselves. I would personally not be surprised that the Rich Jerk is facing the same now. RJ has run one of the most successful affliate marketing programs ever, and I am sure others are jealous of him.