Additionally, the parent company to Dollywood just bankrupted 2 of their locations (not Dollywood) this week, and have over $1B in debt that they're working through, and do not seem poised to improve or invest in the area in the short to medium term. 

A majority of them would go into debt and bankrupt.  

It appears Norada has been sending out unaudited balance sheets to investors asking about their financials that shows over $100M valuation in these seemingly bankrupt businesses they invested in. 

I envision someone moving in and telling you, "You know, I am bankrupt..."

Debt is debt and more or riskier debt you may "scale" faster but you may also end up bankrupt if you are over leveraged and cannot pay the bills.

The builder has gone bankrupt and seems the project is unfinished. 

""I have invested $500k with him in 3 different funds.The first one is already bankrupt...

He was wiped out, completely bankrupt.  

The successful note businesses learn how to WORK a note; identify unrecognized value; deal with near bankrupt borrowers, foreclosure, default, attorneys, services, governmental regulations, collateral deficiencies, capital demands, and negative “surprises”.  

If it's propped but not ripping(like today), this could go anywhere but that's a bearish sign.I recently heard meetkevin say he won't touch BTC until Saylor goes bankrupt, and until then he considers BTC a Ponzi, and after Saylor goes bust then it's a store of wealth.