Until a judge rules that you’ll be paying that back over the rest of your life so every month a large court-orderd chunk of your paycheck will leave your account.
It will still be made your problem by the judge even if your employer doesn’t recover that money will still end up being paid to the majority shareholders.
That is unless you were planning to live without income or decide not to continue living.
Mmmm yes but if you detonate a truck bomb you will die as well 😏🤔 you might destroy your employer but you will destroy yourself in the process as well! ☝️🤓 Which would be very bad for you! And if you survived the judge would surely throw the book at you 😏
You generally can’t pursue someone for debt after a bankruptcy declaration, depending on the country. So if you’re 25M in debt, you go bankrupt and they can’t chase you for any more. You lose all your current assets, but at least you can rebuild a life. Still, rough path to choose.
Until a judge rules that you’ll be paying that back over the rest of your life so every month a large court-orderd chunk of your paycheck will leave your account.
You missed my point entirely…
It will still be made your problem by the judge even if your employer doesn’t recover that money will still end up being paid to the majority shareholders.
That is unless you were planning to live without income or decide not to continue living.
What precisely about your point did I miss?
Mmmm yes but if you detonate a truck bomb you will die as well 😏🤔 you might destroy your employer but you will destroy yourself in the process as well! ☝️🤓 Which would be very bad for you! And if you survived the judge would surely throw the book at you 😏
You generally can’t pursue someone for debt after a bankruptcy declaration, depending on the country. So if you’re 25M in debt, you go bankrupt and they can’t chase you for any more. You lose all your current assets, but at least you can rebuild a life. Still, rough path to choose.