Flying Squid@lemmy.world to Political Memes@lemmy.world · 11 months agoFinancial responsibilitylemmy.worldimagemessage-square131fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1imageFinancial responsibilitylemmy.worldFlying Squid@lemmy.world to Political Memes@lemmy.world · 11 months agomessage-square131fedilink
minus-squareLets_Eat_Grandma@lemm.eelinkfedilinkEnglisharrow-up0·11 months agoI know a startup that declared bankruptcy and “sold” to another organization… owned by the startup holders… to avoid paying debt. It’s all a game to take more money out of taxpayers.
minus-squarekerrypacker@lemmy.worldcakelinkfedilinkarrow-up0·11 months agoYeah that’s called phoenixing and is very illegal.
I know a startup that declared bankruptcy and “sold” to another organization… owned by the startup holders… to avoid paying debt.
It’s all a game to take more money out of taxpayers.
Yeah that’s called phoenixing and is very illegal.