Reader comments
Woodside Group agrees to enter bankruptcy

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squiggy | 10:37 a.m. Aug. 30, 2008
If they have plenty of cash on hand then why are they not paying back their debts?? I get tired of paying for other people's screw ups and I suffer through and cut my spending in order to not go bk. People that don't suck it up are LAME!!
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bugler | 2:39 p.m. Aug. 30, 2008
Because they are paying their contractor and employees with borrowed money.

The reason they are in default is because you can't pay back a loan or interest on a loan with property. They want cash, not a home or land, which people just aren't buying like they were a couple of years ago.
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