Landmark bankruptcy ruling: Loan defaultersí personal wealth can now be auctioned
Read more at:
http://economictimes.indiatimes.com/...campaign=cppst

Do you think this will make business people more accountable with other people's money ? It's not uncommon that people create limited liabilities businesses and then swindle money from that to their own personal wealth through various means and declare the businesses bankrupt. This has to stop. A step in the right direction ?

Have you ever been duped by such businesses ?