[Tom] Ok. Well, back in the ‘90’s following the banking crisis I went into bankruptcy.

I used to
be a contractor and went into bankruptcy because I couldn’t collect on money that people owed
me, the….issue. I had assets to cover my expenses but I couldn’t get paid, myself, so actually I
was going to go into default and I used bankruptcy to keep me out of trouble and prevent any
lawsuits from happening. So I ran through Chapter Thirteen bankruptcy for four or five years.
Once I was into it I found out that it was a very good tool to use. Now, I had been involved in a
Subchapter S corporation. I was the proprietor; everything came back to me in the form of a
…SK1 returns. In other words, any income from the corporation comes back directly to me. So,
when I went into bankruptcy court the IRS standing there with their hand out. I owed them
money. Well, I objected to that concept. ‘You’re very much mistaken, I don’t owe you money; you
owe me money.’ So the court generously just put the IRS issue on the side. So we’ll deal with that
in the future and just hold our liability aside and… So during those five years I learned a lot
about bankruptcy. The rules are very solid, they’re very stiff, they’re very rigid, they…