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Old 05-10-04, 12:52 AM   #21
Da Vinci
THE COUNCIL
 
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Quote:
Originally Posted by Canuck
Taxes. You bring'n in 50 million a year, your pay'n 30 in taxes, and it must be hard to pay it, prolly waited his 3 year limit, then BAM, now you owe the Government like 75 million. File for Bankrupt, all bills are now paid, sit and watch your investments bring in money, sell your house (Gold Bathroom for that matter), then your find.


There's no investment, when you file for bankruptcy your not allowed to own anything, therefore all his assets are sold off. He would have to either pay what he owes or have everything in someone else's names. He is allowed to keep tangiable assets though, meaning A car A house etc.. So he would be fine there.
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