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Oligarchs don’t declare bankruptcy very often.
by NotYourLawyer 2y ago
Oligarchs don’t declare bankruptcy very often.
- reverendsteveii 2y agonot personally, but their businesses do pretty regularly. to them it's just a tactic, a way to fail upward
- NotYourLawyer 2y agoBusiness bankruptcies almost inevitably wipe out the shareholders in favor of the creditors. That wouldn’t do any good for the “oligarch” owners.