Debt or "leverage" only enables you to buy something that you otherwise could not have afforded.

DEBTOR's PRISON no longer exists.  

The companies that will stay down after a recession are the ones that went in weaker, and had to lay off their core talent, give up critical assets, end up buried in debt, or didn't have the funds to develop any new products while their competitors did (ie, you should have bought those competitors instead).

Am I the only one who read a long list of "investments" the city is going to make with borrowed money even as they are still struggling financially, have a giant list of debtors and last I knew had more people retired on the payroll than actually working?

Is the $9 million you owe now mostly bank debt or private money? 

It is better to invest cash into new product development, marketing and distribution than to pay off low interest debt or maintain a huge equity position.

It's either because they are brainwashed into being terrified of debt, or they are jealous of the possibility of you making a ton of money and getting ahead of them in the world.

You know that the cash in your hand now can be deployed to other uses like more property, paying down debt, or even an interest bearing money market account.I wish you the best!

where as someone who has not can file at anytime.its not uncommon for BK cases to drag on for years.. depending on the situation.. the debtor IF they did not have a complicted financial situation could have been doing a work out and then Covid hit and they had to throw the towel in and just go chapter 7. its not like the old days where chapter 7 had to wait 8 to 10 years. 

Higher % of levered spending than anytime before(meaning put on credit card debt or payment plans without intending to pay it off in 30 days +).