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Message: [QUOTE="Hoophound, post: 2708729, member: 271"] He was shrewd. In the end, they couldn’t take his personal assets. He’s fine financially. He set it up under an LLC and they couldn’t take much. His house was collateral, so it was attached, but the $650,000 lien on it was peanuts compared to the overall project cost. He leased that building and made all of the improvements to it. When he walked away, the owner of the building kept the improvements and the courts determined that the contractors couldn’t chase the property owner for the LLC’s debts. They also couldn’t chase Barros’ personal fortune for the debts of the corporation. He kept the business separate and refused to blur the line between “business” and “ personal” by paying everyone off but settled with them rather than attempt to completely stiff them. It is frowned upon by many to refuse to pay a debt, but all agreements have risk priced into them. When you borrow money for a venture, the lender has priced in the risk. Some will pay their debts and others won’t. Some businesses will fail and others will flourish. Dana’s failed and he walked away within his rights. He was not buried by his business failings like many athletes and celebrities are. [/QUOTE]