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Saying the debts are held by his corporations would mean that his shares are worthless. But I’m sure that the corporate veil can be pierced, and that he has debts in his own name as well. 
 @90bf4d25 yea his shares very well may be worthless, but the value of a share can never go negative (into debt)… so at best he is broke, at worst they will pierce the cooperate veil and he will be in debt.