Warning : Thread drift ahead...
>Or rather bankrupt the parents... oops, no more.
New law as of 2005. They will be in debt forever, no more easy bankruptcy unless you're a corporation.
First off bankruptcy for a corporation has never been easy. It frequently results in a complete liquidation.
Secondly, do you believe that anyone should be able to file bankruptcy on a whim? Should people be able to take on as much debt as they want and then decide not to pay so the lenders are stuck without recourse?
I've known a few people who've gone through the process and all but 1 could've gotten out of their debt with a couple years of strict fiscal management. Instead they took the easy way out with the only condition being that they could not file again for 7 years. What kind of lesson is that?
Wine is sunlight, held together by water - Galileo Galilei
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Water separates the people of the world; wine unites them - anonymous
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