It all depends too if the absorbing barrier is a true absorbing barrier like death.
Bankruptcy would suck but it is not like you have no possibility of another chance like death.
I suspect there is much muddled thinking in this area viewing the death of a LLC as equal to the death of a human.
A coin flip for 20 million dollars if tails, physical death if heads is much different than bankruptcy if heads.
One is a stupid gambler with their life and the other is basically a serial entrepreneur taking asymmetrical bets until the coin comes up tails.
