I was watching a show where a women was going through a 6 year debt management program to payoff $52,000.00 of debt. During this 6 year period she can't get credit, then she has to go through a 3 year credit rebuilding course.
The bank that is taking her through this 9 years of hell just rec's 50 billion in bailouts for their blunders in handling credit matters. Plus, the top brass handed out bonuses for doing such a stellar job. We have two standards, one for the average person and another for business.
I agree, bankruptcy is a tool provided in this capitalistic system. But the banks, that use these and many other tools, lay a guilt trip on us while they do what they want. The difference is the banks have the control and make the rules.
sometimes it is impossible to claim bankruptcy. There are instances when your only choice is to go through a debt rebuilding program. and I wouldn't call it hell, i would call it a hell of a lesson. just my opinion though.
I recently asked a question about whether or not I should start out offering my personal development coaching to the public for free, or charge, and one of the answers posted, suggested that I shouldn't help people for...