That's not true. If a corporation of people borrows money from you, and doesn't pay you back, you can't pursue repayment from them. The "corporation" is bankrup

That's not true. If a corporation of people borrows money from you, and doesn't pay you back, you can't pursue repayment from them. The "corporation" is bankrupt, because it gave its (your) money to its employees or owners, who are not liable.