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Bear with me for a bit, because i don’t understand these schemes.

If the sellers instead just closed up shop, they would get maybe a fraction of the money they would from selling it, mainly in selling off assets… It would be a pittance compared to this scheme.

How would the sellers get more money from this scheme? Isn’t liquidating company assets are basically what the buyers (the private equity firms) did anyway?

collect whatever they can from insurance

How does the insurance companies keep falling for these? This has happened several times, and insurance companies aren’t known for being charitable.

Hey, that’s me! 😎