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Isn't that more of a similarity than a difference? When financial debt gets overwhelming you can declare bankruptcy and abandon the project as well.
by ghostbrainalpha 7y ago
Isn't that more of a similarity than a difference? When financial debt gets overwhelming you can declare bankruptcy and abandon the project as well.
- TheLastPass 7y agoNo. Bankruptcy doesn't just eliminate the debt and let you move on consequence-free - it's a legal process in which a plan is put in place for everyone to get their fair share of what's left, or to recover from the debt without the debt itself destroying future productivity. It can also be very detrimental to your credit opportunities. If you abandon a project, you're just never going to repay the debt or suffer from any consequences of it.