I'm a Frito-Lay Factory Worker. I Work 12-Hour Days, 7 Days a Week

Re:I'm a Frito-Lay Factory Worker. I Work 12-Hour Days, 7 Da... by watwut on Sunday July 18, 2021 @09:06AM (#27872614)

Bankruptcy means that somebody else ends up paying for what you spent on the business attempt. It means that people and companies who provided services don't get paid. It is not no harm done who cares event.

High risk businesses have a cost. Trying multiple of them and expecting others to swallow looses they did not caused sounds to me like abusing the system meant to get you out of genuine failure.

[ Parent | on HN ]

Re:I'm a Frito-Lay Factory Worker. I Work 12-Hour Days, 7 Da... by tluyben2 on Sunday July 18, 2021 @11:39AM (#27873815)

It is a last resort: the point was it should not put a permanent stigma on your head. I am not talking about people who abuse it: I am talking about doing your best and it does not work with no way out.

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Re:I'm a Frito-Lay Factory Worker. I Work 12-Hour Days, 7 Da... by watwut on Sunday July 18, 2021 @12:59PM (#27874491)

> If things fail, go bankrupt and repeat was a main point.

This is not treating it as a last resort, this is "you rely on repeated bankruptcy" as a part of strategy. So they go into high risk business with expectation that someone else will pay if that fails. (Which is ok in only speculators loose money, but not ok if they end up not paying suppliers, sub-contractors etc for services.)

> Judges and lawyers here push you to keep going and avoid bankruptcy at all cost, but that seriously makes no sense in many cases which can be outside your control.

This is judges and lawyers treating bankruptcy as a last resort.

[ Parent | on HN ]