Comment by godelski

People seem confused here, but liquidation is very common. That's what private equity often does. It's also why debt collectors call non-stop, even if they are calling the wrong person (fuck you AI debt collectors!). They buy up the debt for pennies on the door and the original debt owner writes off a loss on their taxes. It's also the reason how I bought a Herman Miller for 40% retail.

It's very simple: some is better than none