Then he goes on about how he was educated and got a decent job but poorly managed his finance and was nearly bankrupt.

Unfortunately, the builder was over their head and went bankrupt.

I went from growing up in a hut in Vietnam and spending my early years in Section 8 housing in the U.S. to now owning four cash-flowing properties (8 units) across three states. These properties cover my mortgage, all...

State banks had a decentralized currency systems a long time ago where banks printed their own money and the value of the bank determined the value of the money and all those currencies went bankrupt.

Hi guys, this new article came out.....Bankrupt ‘Queen of Mobile Homes’ blames fall for memory problems during creditors meeeting

Because the entity you could go after, who has little capital to go after, sure you could put them out of business, and wouldn't ya know it 24hrs later that property is now under a new same/similar enhanced NNN lease arrangement to a new separate operational party who took over for the now bankrupt entity.And what attorney is going to burn through thousands of hours, trying to go after "dry wells"? 

But you don't want to bankrupt the guy if he thought that he was trying to help you out.

While its nice to borrow as much as possible, the risk involved can sink someone as in most instances their is personal guarantees involved and lenders will bankrupt sometime to try and get every penny they are owed. 

Can the Trust go bankrupt?

These sponsors could be found personally liable for the loss of this pref equity and could wind up personally bankrupt.