Going a bit off topic, but this is one difference many are perhaps not aware: personal bankruptcy isn't a thing in many European countries. In my home country y

Going a bit off topic, but this is one difference many are perhaps not aware: personal bankruptcy isn't a thing in many European countries. In my home country you don't have a mechanism for simply shedding your debt. Generally any debt is garnishable. Your best hope is debt restructuring with part of the debt forgiven (in perhaps 10 years). On one hand this probably makes financing considerably cheaper as the risk for the bank is quite a bit lower. On the other hand you do not want to have personal liabilities anywhere near a risky venture.