Posted by: Riten August 17, 2006
Top 10 loan defaulters
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These are all corporations or private limited. I am not sure how it is in Nepal, but in the US, those corporations or LLCs are an entity by itself, possessing the rights to operate business, incur debts and acquire profits. So, if the business becomes bankrupt or defaults on loan, then the entity will be responsible for it. The people who formed that entity and their personal assets are protected.
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