Yeah.
It's actually from a very old joke.

Guy can't sleep, wife asks what's up. He says 'I'm very worried, I owe the bank a million quid and I can't pay them'.

So wife calls the bank manager, says 'My husband owes you a million quid, right? Well, he can't pay you. Bye'.

'OK, now let them worry about it'.

I suspect there's some truth in it. At £50k, you have some prospect of paying it back, but you might have to sell your house to do it. You'll spend all day trying to work out how to do it without losing your house.

At £1million, you have no hope, so you just stop worrying. You've lost your house anyway, fuck it, might as well go down the pub.
(username failed moderation, Tue 28 Feb 2012, 9:20, 1 reply)

Bingo.
He drove a Bentley and owned nothing. He really did hit over a million in debt and in reality the bank (or its shareholders and investors) owned the lot. He now runs numerous large successful hotels which I doubt he owns much of either.
( Infidel , shit and wrong, Tue 28 Feb 2012, 13:02, closed)