I'm not talking prop firms where you get paid a salary and are some W2 employee, I'm more talking about your Bright Brothers, Hold, Title, etc type places where you're some K1 guy coming in to trade your own money. How does this get handled? Do you end up owing the debt, or do they sell it off to collections, or what? I've seen traders with some risk setups that are possible for a blow up well in excess of the account balance, but I've never heard the story on the back-end of whether the firm takes the loss or their risk managers end up shouldering the blame. Any comments from people in the industry?