Planned bankruptcies or "bust-outs" always involve:

Name: Planned bankruptcies or "bust-outs" always involve:
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Planned bankruptcies or "bust-outs" involve intentionally obtaining loans or purchasing inventory on credit and concealing or running away with the proceeds before the creditors are paid. Setting up a new company to help carry out the scheme, planning with creditors before a loan is made, and skipping town when the bankruptcy is filed may be part of the scheme but are not the defining factor.

Planned Bankruptcies or "Bust-Outs" Always Involve