He could have declared bankruptcy, He paid back every dollar instead - Tim Duggal

The Founders Fire · Jul 1, 2026 · 56m

He owed more than a million dollars and was too ashamed to tell almost anyone. Today he runs a multi-million-dollar business.Tim Duggal built OzMobiles from a second bedroom in St Kilda, buying and selling second-hand phones out the front of his apartment building, into a multi-million-dollar phone trade-in business. But a few years ago he borrowed a million dollars, felt rich, and watched it nearly take everything. A bank manager told him he was in a death spiral. In this episode he's open about the debt, the isolation, the shame he had to drop to survive, and the chance meeting at a 70th…