4 ms·

Because... those were the terms the lender agreed to?

• mirimir 8y ago
  And because he realized how things were going, and refinanced at the right time, in a smart way.
  • vidarh 8y ago
    And according to the article it is not that simple: the forgiven debt amount will be taxed as ordinary income. Which means he'll also need to plan for å substantial tax charge at the point when his debt is discharged.