One of the lesser known secrets about the Bankruptcy Reform Act of 2005 is that it did NOT make it harder to file for bankruptcy, financially, it just set up some procedural hurdles that non-lawyers may have a hard time negotiating.
If interest rates keep going up, people are going to figure this out.
I've got an 80 year old client with no job, no house, living in a nursing home, and every month I go through his mail and throw away umpteen offers of credit.
Then I throw away (shred, actually) credit offers to me, my husband, my kids, and my cat.
Our phone is unlisted so at least we don't get many calls offering us credit, although we do get some, although the national Do Not Call registry takes care of at least some of those.
And then there's email.
It reminds me of the game, "Pop Goes the Weasel." Eventually it's all going to come to an end. JMHO. |
