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Old 03-10-2021, 05:15 PM   #188
FlamesAddiction
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Quote:
Originally Posted by Weitz View Post
So he just pisses away all his money for no reason at all? Signs a smaller deal and then gets that taken by his debtors?

I'm trying to understand why this would ever happen and be a loophole. He would be done with hockey to get away from the debtors if they terminated the deal.
It kind of depends on what the bankruptcy rules are and how much creditors can take, but the taxes on $700k are probably less substantial than $7 million. It might be the difference between having some money and no money left over at the end of the day.
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