• @[email protected]
    link
    fedilink
    71 year ago

    Bankruptcy sucks and I wouldn’t recommend it except as a last resort, but if one’s position is untenable it makes sense to avail yourself of every recourse. I have a friend who went through one and she’s doing fine as far as I can tell. It’s not like businesses are shy about filling Chapter 11 when it suits their purposes.

    • DominusOfMegadeus
      link
      fedilink
      4
      edit-2
      1 year ago

      So…how would I create an LLC, and then transfer my debt to it? Asking for several friends.

      • Flying Squid
        link
        21 year ago
        1. Be cash-poor but a billionaire on paper.
      • @afraid_of_zombies
        link
        21 year ago

        I think you have to tell the judge you want the white rich person deal first. You know like Wall Street gets