At some point in your life you should figure that you will have two big-bads happen at once - and it's the role of your personal finances to absorb those two-bads without going bankrupt.  

, when I know at least 5 people who went bankrupt doing arbitrage.

Is he really already bankrupt?!?

Now I might take a loss and it might hurt my feelings, but it wouldn't bankrupt me or anything.

A billionaire appears to have went from 30 billion to bankrupt in just a few years.Billionaire 

if I were to buy a tax lien home in an auction in Texas, and the original owners went bankrupt in the 6 month grace period, would the house be able to be seized from me?

Either we stop all the money printing and everyone is bankrupt, and we don't, hyperinflation results, and everyone is bankrupt. 

Go bankrupt?

The total monetary loss is $6 million.Umbrella Insurance Policy ($10,000 deductible/$3,000,000 coverage): The landlord goes bankrupt, losing $20 million.Result: The landlord is better off with an LLC, which shields them from personal bankruptcy.Ultimately, landlords should make a decision based on their own real estate portfolio.

School taxes would however rise 5% but stay at that for the 5 years.The home was assessed @ $159,900 & I got it from a bankrupt seller for $120,000.Bottom line was she drop the assessment to $100,000.