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re: John L Smith is bankrupt (new details in story)

Posted on 9/19/12 at 8:00 pm to
Posted by JordonfortheJ
Bavaria-Germany
Member since Mar 2012
14547 posts
Posted on 9/19/12 at 8:00 pm to
How the hell do you get in over 25 million dollar of debt?

someone people are better off letting a monkey handle their transactions.
Posted by Pigimus Prime
Arkansas
Member since Feb 2012
4090 posts
Posted on 9/19/12 at 8:19 pm to
Posted by TJRibMe
Houston, Mexas
Member since Sep 2004
5214 posts
Posted on 9/20/12 at 8:30 am to
quote:

How the hell do you get in over 25 million dollar of debt?
If he provided a guaranty on a commercial real estate transaction, then it isn't that difficult. He obviously should have been better advised. No way should he have had personal recourse on a commercial transaction as a passive investor. Too many variables that you can't control and don't have the time to keep tabs on as a full time coach.
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