I don't know if it works the same everywhere else, but around here they have a saying- "If you owe the bank $10K, the bank owns you. If you owe the bank $1 million, you own the bank." What I've seen is the small guys getting shut out and the big guys coming in and buying them with borrowed money from banks that have a vested interest in seeing them succeed. The BTO with a corp or LLC has limited exposure vs the smaller guy that's been trying to build on a shoestring where it's all in his name, and we have quite a lot of those folks around here. Maybe it's different elsewhere, but the BTOs here are pretty well protected from what I've seen.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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