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Old 07-18-2009, 11:18 AM   #1
Phaeton
 
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Whatever happened to personal accountability?




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Originally Posted by 41magmag41 View Post
Just a suggestion, see a lawyer about personal bankrupcy. You can go through a chapter 13 and keep everything but make reduced payments and in 3 to 5 years anything not paid off will be discharged. That will allow you to keep your house and car as the bankrupcy court gives more weight to those items that are secured than the unsecured credit cards. Just one option to think about.
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Old 07-18-2009, 12:14 PM   #2
TinyGiant
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Originally Posted by Phaeton View Post
Whatever happened to personal accountability?
agreed. i'm not a dirtbag who doesnt make good on his debt. America is in the trouble its in because of people who dont have any accountability.
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Old 07-18-2009, 04:43 PM   #3
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It's not a question of accountablility. Thats what the credit card issuers and all want you to think. Think about it, the goverment with Mr. Leftest Omouthy just bailed out, with your tax dollars, all these companies who then payed all their execs big bonuses. Its time the working man had a chance to get out from under his debt. If circumstances come about then sometimes this is an option that's open to him. It was only an option, with the Chapter 13 you repay what you can through the court and the rest is forgiven. With credit card rates and all sometimes this is the only way. Again I offered it as an option not something carved in stone. Be my guest and go with what works for you.
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