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Damn.. What country is this? Have you no bankruptcy protection laws?
by shadowprofile77 7y ago
Damn.. What country is this? Have you no bankruptcy protection laws?
- fauigerzigerk 7y agoI don't think there is a country without any sort of limited liability company. But many startup entrepreneurs will only be able to borrow money from the banks if they accept personal liability and provide collateral, guarantors, etc. Bankruptcy protection for individuals is not available everywhere and it often comes with very onerous conditions.