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Old 07-26-2019, 02:57 PM
Shodan is offline
Charter Member
Join Date: Jul 2000
Location: Milky Way Galaxy
Posts: 40,203
Originally Posted by Crane
Under the corporate form I can build 12 houses, sell them; then bankrupt the corporation. The next day I begin building 12 more houses down the block. The first 12 home owners have no access to me for complaints of quality, drainage etc because the entity that built their houses no longer exists. It is the way housing developments are organized.
I don't know that this is necessarily true. Depending on what you mean by "bankrupting" the company. And declaring bankruptcy to avoid liability is not as straightforward as you appear to believe.