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I don’t know enough about law to know how that does or does not work, but it that’s possible then any entity with enough money can actively bankrupt anyone they want, and it won’t have anything to do with why. If that’s true could you not just sue someone by making stuff up and force them to prove you made it up?
Comments like this sound like the “they write it off on tax” comments, where there’s this assumption about how complex things must work, but it can’t work exactly that way otherwise we would see it happening all the time.