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Is bankruptcy a con?
#4

Is bankruptcy a con?

I should Google a question like this. But I think the question is interesting enough for a discussion.

I wanna' hear peoples experiences in this area? I can't be the only guy who has thought of setting up a business, running up a bunch of debt - and then declaring bankruptcy.

What are the consequences? That you cannot run a business for a year? Is that it? WTF???
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