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Originally Posted by VeriSexy
Wow, quite a few that are very rich now have been through backruptcy. What's your story Rochard? I think I remember you posting saying that your pretty successful now. What changes did you make in your life?
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I read an article in the Economist a few years back that basically equated a bankruptcy to a 'rite of passage' for anyone in business, with a couple people going so far as to say they'd feel nervous bringing an exec on board who hadn't had to deal with it 'cuz it'd be like tempting the fates.
Bankruptcy isn't the soul-crushing thing a lot of people make it out to be. Sometimes you get in over your head and noone wants to give you the slack to get out conventionally. Do the option, deal with the fallout, and move on with a clean slate.
Well, that is until the new bankruptcy regs came into play, anyways. Now people are pretty much going to be fucked in perpetuity, it seems... guess we'll see exactly how ugly that little piece of corporate fellatio works out for the little guy in the next decade or so.