$32K in credit card debt at 28% interest.....

[Buena Fortuna]

Originally Posted by Ace$nyper

I see this all the time, people are already figuring the loop holes of the new bankruptcy laws.

What bothers me the most, if you know how to do this, you can have a pretty darn good life and "get away" with it.

While I understand hard times, I am a grad student after all the majority I see is just, spending more then you have.

There are no more loopholes...that's why they can legally charge 28%. Coming out of individual BK without unsecured debt to repay is virtually impossible after the last changes to the BK laws

Originally Posted by Buena Fortuna

There are no more loopholes...that's why they can legally charge 28%. Coming out of individual BK without unsecured debt to repay is virtually impossible after the last changes to the BK laws

There are, you just have to be a lot more clever, old laws it was so simple buy nice house get a degree nice car. For legal and ethical reasons I hope you understand I can not post how to pull this off. But I assure you I do know there are ways to do it.
old laws were nearly as simple as :

I don't want to pay it back.
Uncle sam : k
You hahahahaah

Now with a few K hidden away in under 1 year 700+ credit rating.

It really was that simple still rather disgusting.