Jump to content

Open Club  ·  88 members  ·  Free

Off Topic

The Random Thought Thread, Part 6


TechResQ

Recommended Posts

Filing bankruptcy.. what does it mean? you don't have to repay anything? no consequences? no jail time?

 

https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/bankruptcy-2/bankruptcy-explained/bankruptcy-overview/#:~:text=Your%20bankruptcy%20will%20normally%20end,from%20the%20Student%20Loans%20Company.

 

I am reading the disadvantages of going bankrupt and I am laughing. You have bought all the nice stuff with borrowed money, then you lose almost all of them (not even all) and this is all? No jail time for the party you had all this time? It drives me nuts.

 

"Your bankruptcy will normally end after a year - this is known as 'discharge'. After discharge you won't have to repay the debts covered by the bankruptcy." Are we serious? I haven't done extensive research on this topic, am I missing something? This is how so many people live the big life?

Link to comment
×
×
  • Create New...