Mike Hacker
Mike Hacker
advice advise behind cards child consumers credit house pay student support time
I used to advise 13s for two reasons: where consumers are behind on their house payments or they need more time to pay student loans, taxes, child support or alimony. Now 13s will be for credit cards and unsecured debt.
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This type of bankruptcy is for the person who is barely making it, who can barely pay their rent or mortgage and food and has no extra money to pay debts. It relieves them of the debt and removes the creditors' rights to sue the debtor.
bad bankruptcy fresh gone good happen meant recognize rules system turn
We have bankruptcy because we recognize that bad things happen to good people. It's meant to give someone a fresh start. That idea is pretty well gone now. The new rules turn a compassionate system into a punitive one.