Up In Smoke
One of my dad’s friends sold his business to a larger chain for a good bit of money. He was planning to use the proceeds from the sale to retire and was supposed to be paid out over five years. Not long after the sale, the buyer declared bankruptcy, got to keep my dad’s friend’s business, building, etc., and write off the debt. They then reopened the old business under a different name, and my dad’s friend had to go back to work since his retirement went up in smoke.
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