Handlogten's Heros
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Says the guy who BRAGGED several times about filing for bankruptcy as a business tool. Who got left holding your bag?
Most people in real estate development have had to use it as a tool... most often investors hold the bag... they are generally wealthy individuals that understand this stuff is an investment... banks have some recourse and take their share of the loss... they are also big boys and know what they are getting into. Finally often times the actual developer loses it all or most of it too. Almost always it is not the “developers” bag but everyone’s bag and something outside of everyone’s control is what causes the down turn and the bad investment... it happens no one is evil or wrong or immoral for pursuing their own interests when **** hits the fan.