Quote:
Originally Posted by chris1
So they should keep giving money to someone who isn't paying them back on time? The article didn't say it was for a mortgage,most likely it was for operating capitol. How long would you keep giving someone money if they didn't pay you?
I'm thinking it may have had to do with mortgage. The company had been in business since the '40s, and was sold to new owners four years ago. There may have been operation capitol as well, but I doubt they paid cash for the company.
I had a really good laugh at IRS some years back. They pulled all the permits on a trucking company in Philla because they were not satisfied with the rate that the company was catching up on back taxes. Their intention was to auction everything off and get their money that way. But, the company had all the equipment LEASED. Even the office chairs and typewriters were leased. There was NOTHING that was actually company-owned. IRS got nothing.