Deliberately under-capitalizing a privately-held corporation, as Elon appears to be doing, is one of the few exceptions to the corporate liability shield. (Rent

Deliberately under-capitalizing a privately-held corporation, as Elon appears to be doing, is one of the few exceptions to the corporate liability shield. (Rent costs were known at the time of acquisition, so not providing sufficient capital to pay those costs now that he owns the company can be used against him in bankruptcy court; the fact that Twitter now has ongoing loan payments of >$1 billion/annually does not help him because those liabilities were incurred as part of the acquisition). Or in other words...creditors might be able to go after Elon personally for Twitter's debts. It's rare, but it does happen, and it happens more frequently when one party tries to game the system.