Quote:
Originally posted by KRL
Its pretty rare to find anyone that will extend serious amounts of credit to a small corporation without having key officers personally guarantee the money. Usually you can fuck over your wholesale suppliers and vendors, but the banks aren't so easy to get away from.
Most every future financing form he'll sign will have a declaration statement asking if he or any company he has owned has gone BK. If he lies he's fucked legally.
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He has never been personally bankrupt and has never had a business go bankrupt. It is my understanding from him that he already has financing lined up...but I am not sure of the source. If need be...and he decides to take the risk...he can finance it himself.