rfenst
15 years ago

.... still can't figure out how someone can get a loan to build a hotel and file bankrupcy on another at the same time... I don't think he's really serious about running... 😟

DrafterX wrote:



Stupid, banks and/or lenders?
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rfenst
15 years ago


From what I've heard, home builders setup different corporations, LLC's, etc for each project. If one goes down, it doesn't affect the other(s). I'm not sure how much truth there is in that. If that's possible, all it says to me is the builder doesn't have much faith in his ability and is planning to fail....and cover his butt at the same time.

daveincincy wrote:




It is the truth. Corporations are separate entities from each other and the entities and people that own them. One would have to be terribly ill advised to do it any other way with multiple projects or companies. To me, it just taking advantage of every opportunity available in the system. One is at a competitive disadvantage to do otherwise.
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DrMaddVibe
15 years ago


CAvuto calls her on the BS!!!

When you see someone digging their own grave and they're already so deep that you can't see them from ground level...and you offer to take the shovel away from them and they still dig...start backfilling the hole with them in it.
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