Stuff Of Dreams Or Nightmares?
Ever daydreamt about letting loose and going on the spending spree of a lifetime? And wouldn’t it be fun if you could spend all you wanted. And then, when it’s time to pay those gargantuan bills you’ve worked up, all you need to do is magically pull a rabbit out of your hat and make everything better. In other words, you declare bankruptcy and get all that debt wiped out. Fool.com reports:
It’s likely too soon to be certain about the effects of bankruptcy reform. What is clear, however, is that many honest people are suffering for the bad actions of a few abusive debtors. The best way to deal with the new law is to do everything you can to avoid getting into financial straits in the first place, but unfortunately, circumstances sometimes make that impossible.
Read more: Did Bankruptcy Reform Work?