That’s chapter 7. There are some debts that cannot be wiped out via bankruptcy. That’s true for corporations too. And when it happens, they get liquidated.
You can’t really liquidate a person and cease it to be an ongoing concern. The dynamics are different.
Chapter 11 can and does get filed by people - but it’s a reorganization, and buys you time to negotiate with the debt holders if able for a reduced amount or a longer repayment plan or reduced interest instead of going through chapter 7 where they’ll get nothing or very little if it’s unsecured debt.
If that were actually true, deaths would be several orders of magnitude higher. They have the munitions and capability to kill significantly more people.
Bottom line is that anytime you conduct war in a dense urban area, or conduct a ground assault in a populated area, civilian casualties will be high.
Lemmy broadly is very group-think right now. There isn’t a large diversity of opinion yet; growth would be good - the real issue is when you have actually saturated a market, the only way to grow is through increasingly shitty things (see: reddit). Lemmy won’t have those same problems because the commercial model is so different (non-existent).
That’s chapter 7. There are some debts that cannot be wiped out via bankruptcy. That’s true for corporations too. And when it happens, they get liquidated.
You can’t really liquidate a person and cease it to be an ongoing concern. The dynamics are different.
Chapter 11 can and does get filed by people - but it’s a reorganization, and buys you time to negotiate with the debt holders if able for a reduced amount or a longer repayment plan or reduced interest instead of going through chapter 7 where they’ll get nothing or very little if it’s unsecured debt.
Both will tank your credit.