Imagine taking out a HUGE loan to buy a house... but the house is a company, and you use the company's own money to pay for the loan, then can't pay the mortgage. Poof - bankruptcy!
downvoted this. instead of being clearer, this made the concept more complicated. sometimes some people should just accept the limit of their intellectual capacity.
-1
u/sanchezroman Feb 14 '25
Imagine taking out a HUGE loan to buy a house... but the house is a company, and you use the company's own money to pay for the loan, then can't pay the mortgage. Poof - bankruptcy!