This happened to a friend of mine. I warned him when he was 2k in the red that he should get out, by 7k I'd absolved responsibility, at 10k when he got out and

This happened to a friend of mine. I warned him when he was 2k in the red that he should get out, by 7k I'd absolved responsibility, at 10k when he got out and was subsequently "blamed" when the business failed for not being there to do more work... Expensive lesson.