Bankruptcy is now pretty much designed to lock you into a life of hardship for a 5 year period where you’re not allowed to save up money and if you miss a single payment you can find your entire bankruptcy rendered void and you’re back at the start.
2005. Bankruptcy Abuse Prevention and Consumer Protection Act (LOL). And while majority Republican Congress did vote for it, so did Biden (who is in the pocket of the credit card companies).
Kvasir42 Premium Member about 11 years ago
A civilized country is one where people don’t have to worry about health care. Or bankruptcies caused by health care needs.
William Bednar Premium Member about 11 years ago
That is the way to get rich nowadays. Declare bankruptcy and then cash in! Odd, but true.
hermit48 about 11 years ago
Bankruptcy is not what it used to be. It no longer works for the little guy.
Another Dave about 11 years ago
Bankruptcy is now pretty much designed to lock you into a life of hardship for a 5 year period where you’re not allowed to save up money and if you miss a single payment you can find your entire bankruptcy rendered void and you’re back at the start.
Another Dave about 11 years ago
2005. Bankruptcy Abuse Prevention and Consumer Protection Act (LOL). And while majority Republican Congress did vote for it, so did Biden (who is in the pocket of the credit card companies).