View Single Post
Old 13-02-2013, 23:25
Forum Member
Join Date: Nov 2004
Posts: 23,795
He may have formed a holding company etc to protect himself against creditors, but chances are any dealings with the bank would have been on the condition of a personal guarantee from Mark himself, as he is likely the only shareholder and effectively the holding company is just to protect himself. The banks aren't stupid enough to accept that, so he'll be liable to them.

Suppliers etc won't be paid by Mark though, if they are it'll be pennies.
rivercity_rules is offline Follow this poster on Twitter   Reply With Quote