Also one trick they use is to file bankruptcy and when the creditors quit calling, never go through with it.
Their Credit history shows they never went bankrupt!
So they get more financing.
Another issue is if you have a decent paycheck, after going bankrupt, CC companies will bombard you because you can’t go bankrupt for another 7 years.
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3 Responses to When an entrepreneur declare bankrupt, can he be an entrepreneur again?
Yes, many of the most successsful people failed once (or more).
YES
Also one trick they use is to file bankruptcy and when the creditors quit calling, never go through with it.
Their Credit history shows they never went bankrupt!
So they get more financing.
Another issue is if you have a decent paycheck, after going bankrupt, CC companies will bombard you because you can’t go bankrupt for another 7 years.
Ask Donald Trump