GoHealth Files for Bankruptcy, Handing Control to Lenders
GoHealth Files for Bankruptcy, Handing Control to Lenders

Running a #government like a #business became a real problem when VCs came with the business approach of:
- 'Saving' a company by buying it
- Increasing debt of the company
- Selling all its assets
#Bankruptcy was the expected next step for such companies.
Leaving employees, customers, suppliers and society with just an empty shell.
Since governments cannot go bankrupt, future generations are left with a government stripped of all assets and debt + interest they must pay off.
#USA
@mhoye
Has anyone in Mastodon world filed for bankruptcy? If so, which chapter and what was your experience?
#brokebutslackfilled #bankruptcy #financiallyunstable #debtmanagement