For me I know that in the great recession there were a lot of sponsors that went bankrupt because the banks weren't lending, money was tight and they didn't have the personal resources to dig deep and save deals.

But I've checked on some large carriers such as allstate and metlife, and they are not admitted.I thought CIGA was something that an insurance company had to be admitted to in order to be 'respectable', since it covered insurnance policies if the carrier went bankrupt, and that the majority of insurance carriers in california were a partr of it.

Many people went bankrupt and lost everything in the 2008 recession by being over leveraged when tenants didn't pay.

Even if you find him he may go bankrupt on you.

I also don't believe the government would let them go bankrupt (even though I think they should).I was mad at myself for not buying Ford stock when the heads of GM and Chrysler were begging Congress for cash and the head of Ford said he didn't need any.

It even took a toll on me and rest of my family, knowing our brother who' worked his a** off to get where he is could soon be bankrupt, due to this nutjob and her mold money grab BS!!

I don't want this to be a long post so I'll just point out the red flags....Claims to have been a realtor,marine, gone bankrupt & now says he makes 300K a year with his company that writes software for phone apps.

Is this still the case if he goes bankrupt?  

If we had to rely on third parties for this sort  of thing we'd already be bankrupt doing this business -- the costs would just pile up and up.

If we had 1000 doors we could easily be bankrupted by a downturn.