Avoid The Pitfalls of the Family, Friends Bank

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Erwin KrasnowJohn-BrooksBy Erwin G. Krasnow, Esq. and John R. Brooks


William Shakespeare, in Hamlet, tells about the advice that Polonius gave to his son Laertes: “Neither a borrower nor a lender be; For loan oft loses both itself and friend.” Polonius should have said that both loaning money to friends and relatives and accepting such funds can be a perilous proposition. 

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