Those days were gone

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Those days were gone when you take loans from Banks to set up factories and after running the factories for 7-8 years you declared yourself Bankrupt and thus making himself free from debt. Now more strict laws have come. You cannot declare yourself Bankrupt easily then Bank will get the hold of all your accounts, assets and not only that they can get hold of the assets of your wife, children persons partnering your business. So, things have been made tougher.