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In fact, it doesn't matter who you have a signed contract with.
If someone is really planning to go bankrupt, they probably have it very well thought out and prepared, and the signed contract becomes completely irrelevant at that point.
The most frequently described cases from the past are where money was taken out to companies founded in tax havens with a hidden ownership structure that are not subject to American or European laws, or to companies founded by homeless people who have no assets at all and a possible punishment would provide them with free housing and food for several years.
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