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I do remember being confused when a local furniture store advertised their "third annual going out of business sale"



There is a furniture store near where I live that was going out of business for 10 years. My wife and I always joked that they should have a "Proudly going out of business for 10 years" sign.

They finally went out of business last year. The business that replaced them was another furniture store which happened to be owned by the same people the owned the first. What gives with that anyways, is that some sort of tax gaming?


They use bankruptcy or mortgage forceclosure to avoid paying debts, then another (off-paperwork) member of the team buys the assets at auction.




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