56:16yeah but it still sucks to do
56:18A non-ideal situation.
56:19Sakana is a business genius to keep phase connect running even after all the other agencies dropped like flies
56:26where i live its very common for people to bankrupt their llc and reopen with slightly changed name like nothing happened and creditors are sol
56:29BTW, NH are based in Texas and that state is pretty friendly towards corporations during bankruptcy, so don't expect to see any of your money back. Sorry!
56:30But hugs and kisses are free
56:33It is seven years from the last activity on a credit item, like a debt repayment.
56:37:_dizUps: very informative
56:37Yeah. Creditors can put a lien on any asset. Now I wonder if the company has a personal guarantee will you be able to put a lien on his house or house-car?
56:38Make a small sister company and put all risk on that one
56:39Oh god. my company...
56:42fire sale, goods going cheap!
56:43:face-purple-crying:
56:53just never buy merch, easy fix
56:54'presentations about bankruptcy'
57:02@octorokreviews "Because if you pay it back then you can always bounce back." exactly - if you file for bankruptcy u make urself not credible and at this point you better just pay it back or emigrate
57:02yeah, good ole "everything MUST go!" signs lol
57:02A company I was working for got rid of Bagel Mondays and I knew it was jover
57:03fucking accelerators
57:03Accelrate! More gens! More talents!
57:04"we are restructuring"
他
57:04Ah the "Send in the next wave" strat
57:06Excessively fast growth in order to try and sell the company is a classic.
57:07yeah not paying your vendors is a massive flag
57:16that happened to a lot of the early idol-copy companies
57:17The meat grinder :_dizDown:
57:20so it's more like, excessive expansion?