Quote:
Originally Posted by kane
I can form a company, convince a bank to loan me money to start a business and then run that business into the ground and bankrupt it. I can then bankrupt the company and walk away from the debt. All the while my personal assets will never be in jeopardy.
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Are you sure about that?
I have a corp. I can't just run around willy nilly and spend money that I don't have, declare bankruptcy, and then stroll off into the sunset. I am still held responsible.
I realize that it happens, but there's a little more to it than that.
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