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Originally Posted by RoboBot
One last thing. Bankruptcy is not a "Tip" for getting out of debt. It's just a way to pass your own debt onto other consumers who actually pay thier bills.
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I agree with everything but you're last statement.
Bankruptcy is a very viable option for those that are in way over their head (no it's not for everyone, "way over" is the key word here). I used to think the same way you do, until you meet someone whose in that situation. For them, there at the point where it's bankruptcy and have a fresh start and can actually work and have money to live, or start trying to qualify for government assistant where you get money for doing nothing. Now which would you recommend? Have the tax payers pay for god knows how many years, or have the "poor, incocent credit card compnies" right it off. Sure it was their own fault for ending up in that situation, but regardless they're there and those are the options.