The worst case is that you spend money on things that cannot be sold for what you bought them for like furniture, renovations, salaries, advertising. Then if you have personally guaranteed the debt they get all the money that you raise from what you can sell plus collect the rest from your personal assets.
The worst is BAD unless you carefully plan ways to avoid it or limit the damage.
The worst case is that you spend money on things that cannot be sold for what you bought them for like furniture, renovations, salaries, advertising. Then if you have personally guaranteed the debt they get all the money that you raise from what you can sell plus collect the rest from your personal assets.
The worst is BAD unless you carefully plan ways to avoid it or limit the damage.