Question: Bob and Piet are 50/50 joint venture partners in a property investment in which they have borrowed $10 million and both signed the mortgage. Apart from the real estate investment, Bob has a net worth of $10 million, while Piet's net worth is 50 cents. They default on the loan when the property is worth $8 million. Assuming foreclosure expenses of $1 million, what are Bob's and Piet's respective net worths after the foreclosure, assuming the loan had a joint-and-several-liability clause but no exculpatory clause?