I don't think it's even possible to go bust, anymore. Nobody wants to call in bad debts.
Discussion
If they call in the debt, they have to write down the loss and then they are also bankrupt. So, you can get debt extended over and over.
I don't think it's even possible to go bust, anymore. Nobody wants to call in bad debts.
If they call in the debt, they have to write down the loss and then they are also bankrupt. So, you can get debt extended over and over.