Re: The REAL stupid cow [Was: Re: Barbara Bush Calls Evacuees
bcs1 at spamcop.net
Wed Sep 14 02:30:01 EDT 2005
"Sylvesterthekat" <spamalyzer at isaluzer.net> wrote in message
news:Xns96CF9B6B25A82spamalyzerluzernet at 18.104.22.168...
> "Bcs1" <bcs1 at spamcop.net> wrote in news:dg1sgi$5i7$1 at news.spamcop.net:
>> i don't think making people be responsible for the debts they incur
>> could in anyway be views as "not caring" for someone. but for the sake
>> of arguement, yeah sure, let's allow people to continue to run up HUGE
>> bills, then make someone else EAT the debt... that's always a good
>> thing for the economy...... so who's gonna pay me the 10K + in debts
>> owed to me by customers over the previous 8 years?...or am i supposed
>> to just magically create the funds out of thin air to compensate for
>> the lost revenue?
> I tend to agree with you on this. People have to be made accountable for
> their own debts. But they also need to have available a way to repay those
> debts and survive at the same time (otherwise nobody wins). I don't know
> all the details of the new bankruptcy laws but to me, a debtor ought to be
> paying back his debts first and have just barely enough left over to
> survive and not be allowed to take out any further loans or lines of
> until the entire amount of the previous debt is paid off. To me the old
> of filing for bankruptcy and running away from your debts was outrageous.
the way I understand the chapter 13 laws as they stand now, that's pretty
much the way it is, you make payments, and you don't get any more credit (or
at least if you do it's very high interest) until the BR is discharged. the
Chapter 7 filing is they take everything that's of value except for a
predetermined list of necessities/items and sell it off to pay what can be
paid..then the creditors eat the rest of your debt.
the new laws basically do away with chapter 7 filings.
at least that's the way I understand it. (in a nutshell)
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