Flying Squid@lemmy.world to Political Memes@lemmy.world · 2 years agoFinancial responsibilitylemmy.worldimagemessage-square131linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1imageFinancial responsibilitylemmy.worldFlying Squid@lemmy.world to Political Memes@lemmy.world · 2 years agomessage-square131linkfedilink
minus-squareLets_Eat_Grandma@lemm.eedeleted by creatorlinkfedilinkEnglisharrow-up0·2 years 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.worldlinkfedilinkarrow-up0·2 years 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.