Well, I can't say I am surprised. I suspected that such a thing was a possibility. The problem he was that we didn't have the money to go bankrupt.
But this smack at stupidity, if nothing else. Except for the taxes, deals with the other creditors could have been worked out, and the solution was always in engaging in some type of business.
The state authorities would always make payment schedules. So, the one thing needed was a chairman/CEO that could think straight.
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