Bankrupcy Bill Passes...thoughts? - ZEFRANK.COM

zenbabe · 03-15-2005, 02:18 AM

bush is an asshole, let's just get that out of the way right now...

shmitty · 03-15-2005, 11:56 AM

I only have one thing to say. I have no idea what it is like to be bankrupt, I have very little debt and I really don't know how this law will effect people who legitematly need to file. However, I do know that it is really easy to file currently and I know people who were intentionally going to use that to their advantage. One of my coworkers was planning on getting as many loans and credit cards as possible, buy a house and whatever else he wanted, put himself into complete and utter debt, and then file for bankruptcy. He was then going to wait the amount of time needed for it to leave his record and start over. Maybe the laws do need to be tightened. I don't know for sure, but I do know that it's easy to abuse the way it is now. Just like welfare.

craig johnston · 03-15-2005, 04:01 PM

wasn't that a band? - bankruptcy bill and the bouncing czechs

Saxifrage · 03-15-2005, 04:26 PM

I have no credit cards and no outstanding debt. Having said that I may say that this bill is purely self serving lobbied for by the credit card companies specifically to stop people from running out on a heap of credit card debt that the companies happily extended. If these companies give credit to persons who obviously can't ever afford these debts then they are as liable for the debt as the person who ran it up. What needs to be fixed is the system of corporate bankruptcy and welfare. Did you know we still pay the same amount of our tax dollars to welfare as we ever did? Now it goes to subsidise failing corps. instead of poor families.

It is times like these that I look back on the movie "Fight Club" and have evil thoughts on how to best deal with legal loansharks like the credit card companies.

zenbabe · 03-21-2005, 01:13 AM

And God forbid the people that don't have health insurance, because they are working under temporary status forever, that has something really bad happen to them, and end up with a $85,000 medical bill.......

suck it up, don't be a chump!

xfox · 03-21-2005, 04:04 AM

you read Forbes?

I think we have too many #@*! laws. Especially the ones that have too many words. Who can read it all? Half of it is incomprehensible. Laws should be written so people can understand them.

If everybody is equal under God and the law, and some people produce more than they consume should the ones who intentionally take advantage by consuming more than they produce get away with it?

Too many lawyers in Washington DC is part of the problem.

priceyfatprude · 03-21-2005, 05:46 AM

Quote:

Originally Posted by zenbabe

And God forbid the people that don't have health insurance, because they are working under temporary status forever, that has something really bad happen to them, and end up with a $85,000 medical bill.......

milk = health insurance

I would like some milk, please.

03-15-2005, 02:18 AM	#1
zenbabe Lollypop! Join Date: Sep 2002 Location: we are all made of stars Posts: 11,690	Bankrupcy Bill Passes...thoughts? bush is an asshole, let's just get that out of the way right now... __________________ Be yourself, because the people that mind don't matter, and the people that matter don't mind. -Dr. Seuss

03-15-2005, 11:56 AM	#2
shmitty monkey Join Date: Apr 2004 Posts: 248	I only have one thing to say. I have no idea what it is like to be bankrupt, I have very little debt and I really don't know how this law will effect people who legitematly need to file. However, I do know that it is really easy to file currently and I know people who were intentionally going to use that to their advantage. One of my coworkers was planning on getting as many loans and credit cards as possible, buy a house and whatever else he wanted, put himself into complete and utter debt, and then file for bankruptcy. He was then going to wait the amount of time needed for it to leave his record and start over. Maybe the laws do need to be tightened. I don't know for sure, but I do know that it's easy to abuse the way it is now. Just like welfare. __________________ I may not have gone where I intended to go, but I think I have ended up where I needed to be. -Douglas Adams In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move. -Douglas Adams

03-15-2005, 04:01 PM	#3
craig johnston dalai clique Join Date: Jan 2005 Location: tea leaf towers - home of fine musical entertainment Posts: 5,609	wasn't that a band? - bankruptcy bill and the bouncing czechs __________________ the tea leaf family

03-15-2005, 04:26 PM	#4
Saxifrage monkey Join Date: Jan 2004 Location: Angband Posts: 411	I have no credit cards and no outstanding debt. Having said that I may say that this bill is purely self serving lobbied for by the credit card companies specifically to stop people from running out on a heap of credit card debt that the companies happily extended. If these companies give credit to persons who obviously can't ever afford these debts then they are as liable for the debt as the person who ran it up. What needs to be fixed is the system of corporate bankruptcy and welfare. Did you know we still pay the same amount of our tax dollars to welfare as we ever did? Now it goes to subsidise failing corps. instead of poor families. It is times like these that I look back on the movie "Fight Club" and have evil thoughts on how to best deal with legal loansharks like the credit card companies. __________________ The Dude abides.

03-21-2005, 01:13 AM	#5
zenbabe Lollypop! Join Date: Sep 2002 Location: we are all made of stars Posts: 11,690	And God forbid the people that don't have health insurance, because they are working under temporary status forever, that has something really bad happen to them, and end up with a $85,000 medical bill....... suck it up, don't be a chump! __________________ Be yourself, because the people that mind don't matter, and the people that matter don't mind. -Dr. Seuss

03-21-2005, 04:04 AM	#6
xfox slightly effective Join Date: Aug 2003 Location: >>> Posts: 2,404	you read Forbes? I think we have too many #@! laws. Especially the ones that have too many words. Who can read it all? Half of it is incomprehensible. Laws should be written so people can understand them. If everybody is equal under God and the law, and some people produce more than they consume should the ones who intentionally* take advantage by consuming more than they produce get away with it? Too many lawyers in Washington DC is part of the problem. Last edited by xfox : 03-21-2005 at 06:34 AM.

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