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Bankruptcy And Debts Blog 10 August 2008

10 August 2008

Why Isn't Everybody Rich? Complete Debt Financially

Posted by James Breen at 8/10/2008 5:42:00 AM

A cousin sent this complete debt debt financially. We were all surprised that they found a cure.

There remains but one hurdle. I have foreseen the possibility of the great incoming news.

If you or someone you know have experienced the effects of drug addiction, I am if you have seen the television show Intervention. The popular show on A.&E. Chronicles the attempts of family and friends to persuade a loved one with a substance abuse problem to enter treatment. Though they may be reluctant to go, it is for them, a black and white personal decision. The question they are faced with is "Do I want to go?" not "Am I financially able to go?". If the person agrees, ..>>.

I has been suggested that this was a smart ruling: Read the rest of this entry »

Posted at 5:42 0 comments


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People file for bankruptcy because they're in debt. The more debt there is, the more bankruptcies there are. Well, duh! It really is that simple. When compared to the level of borrowing, the rate of bankruptcy has remained fairly steady. In 1977, 74 bankruptcies were filed for every $100 million of consumer debt. In 1997, 73 bankruptcies were filed for every $100 million of consumer debt. Bankruptcy isn't the cause of debt but rather is the result. And it isn't the disease but rather is one of the cures. Restricting access to bankruptcy court won't solve the problem of debt any more than closing the hospitals will cure a plague.