That system is silly.
I can open a company, work for a year, acrue debt, acrue tax debt, close it.
Nothing will happen. Company "estate" will be sold to cover the debt, which can also be nothing.
I can open a company, work for a year, acrue debt, acrue tax debt, close it.
Nothing will happen. Company "estate" will be sold to cover the debt, which can also be nothing.
If in one day answer is NO, you have to immediatelly go and register insolvency. If you do not do it, big issue, and possible jail time.
In our EU member country, one can do this without penalty, for years - and people have been abusing it consistently with only rare persecutions.