It may, in fact, be the difference between a financially troubled business and a bankrupt business.

No matter what the tax rate, you cannot generate revenue by taxing bankrupt businesses.

Consequently, Wallace has been involved in a number of insolvent and bankrupt businesses as a result of working with these "turnaround" companies.

Now all he's got is a bankrupt business.

But why would an intelligent, rich person buy a bankrupt business that shows little prospect of achieving fiscal health?

This means trying to foreclose on properties, collect from bankrupt businesses and repossess automobiles.

The same swindle that enabled me to buy a bankrupt business and expand it with its own stolen funds.

A third shareholder told the board that a bankrupt business had made it hard for him to meet financial obligations on his apartment.

Moreover, asking for more money to keep a bankrupt business going was inopportune.

He also bought out bankrupt businesses, built them up again, and then resold them-often gaining a substantial profit.