Quote from: DaveF on May 14, 2023, 01:25:42 PM

Starting with yes it's BS

I just love this topic now, pretty surprised that nobody went just for the title and everyone took their time to read what the actual numbers mean, the propaganda backfired like it was supposed to be.

Now fast forward to your question in Europe (I exclude the UK since I'm not familiar with them) we have the things, insolvency, and bankruptcy, much like the US but with the difference that once applied to companies, not LLC or personal enterprises bankruptcy is the final step, a company entering bankruptcy after going through restructuring and unable to pay its debts, insolvent, will get shut down as it has no way out of its debt, it happens usually if in 1-3 years after declaring insolvency it still going through losses.

This thing, again, shows why that stupid title is so misleading, as a company facing problems with the 2022 energy crisis (now gone!) would have just sought protection and wouldn't have declared bankruptcy the same year, it simply couldn't have happened.

Quote from: DaveF on May 14, 2023, 01:25:42 PM

Here, a company can go bankrupt but just for debt re-organizational purposes. It still continues to exist, and operate, but all the money it owes people has been reorganized and or wiped out. Or the debtors take over the business and operate it, or instead of shutting down of the banks that were owed money to take it over and try to sell it.

That's what restructuring or insolvency is here, the moment we hit bankruptcy it means the end of it and the court orders the sale of assets.
It doesn't apply to entrepreneurs or LLC!

Quote from: Poker Player on May 14, 2023, 03:33:25 AM

While he is generally a quality poster, you made me remember that he said that half a million families had gone homeless in the UK, which I quickly dismantled, and I've been looking for the post to quote it but I don't know if he deleted it because I can't find it. It seems he only wants to see the speck in his neighbours eye.

What the refusal of a green card does to people, really sad, isn't it?

Quote from: pooya87 on May 14, 2023, 04:20:37 PM

Just get over it, your propaganda ended like Soleimani, kotlet!
Nobody is buying your alarmist and apocalyptic shit anymore!