InsanePeopleFacebook

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Screenshots of people being insane on Facebook. Please censor names/pics of end users in screenshots. Please follow the rules of lemmy.world

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Sovcit has a random thought. (lemmy.world)

submitted 2 days ago by BonesOfTheMoon@lemmy.world to c/insanepeoplefacebook@lemmy.world

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[–] Endymion_Mallorn@kbin.melroy.org 2 points 1 day ago (1 children)

It's described up-thread, but basically, use an LLC, sell the house to it, update it, then let the LLC go bankrupt and have it sell the house back to you or someone you know.

[–] Lumidaub@feddit.org 1 points 1 day ago (1 children)

Ah. I see. (No I don't, but thank you.)

This kind of arcane fuckery is why sovcits and their international counterparts exist.

[–] Endymion_Mallorn@kbin.melroy.org 1 points 1 day ago

Basically it has to do with the way that corporate debt is handled compared to personal debt.