I am aware that bankruptcy is hell. My dad declared when I was in HS (primarily due to the aforementioned lengthy illness of my mom). My dad now owns a home again and has rebuilt his credit - took quite a few years. It is not a perfect solution, but it is what it is. Protection from creditors when you have nothing.
I'm a safety net kind of guy - I really am. I just think that there are people who do not and will not take responsibilty for their spending choices and then expect others to take care of them when it is needed.
|