xeybozn

03.2024 -
- now
Community » xeybozn
No topics logged for 'xeybozn' Posts: 524
Thorn posted...
bankruptcy is magical (if you're rich) (and it's not student debt)

run red lobster into debt by putting them into debt to yourself then have them declare bankruptcy and all that red just goes away leaving you with the bag

i'm oversimplifying but yeah

Declaring bankruptcy means Red Lobster can't pay its debts. Obviously somebody else owns that debt and isn't getting paid now. It can't be the hedge fund (because this was the plan the whole time), so who is it?
Congrats to 2020 GotD Guru champ azuarc!
Community » xeybozn