OT: "Why you would think that people are morally obligated to take a hundred thousand dollar plus hit to their net worth when they don't legally have to is incomprehensible to me."
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I don't know if it's that people are morally obligated, ethically obligated, or legally obligated. The hit is already there though. I expect them to take it and move forward with their lives.
For me, I don't care whether their net worth takes a hit or not --- we all are taking a hit to our net worth at this time. If there's a 100k hit---- you take it. It is this: YOU WILL STICK TO YOUR COMMITMENTS. Regardless that the banks won't, or are crooks, or that others are caving.
I have wrestled with this issue almost daily for more than eight years, back when. Discussions with wife, accountant, banks, hangers on, men.
Everyone in such a predicament has to make a decision. I made mine (with the tough and staunch support of my my wife and accountant): If you can pay you pay. Walking is not an option and not the answer.
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Madharry, you seem to be saying there's no legal reason to have to take a hit, so don't. Walking away is okay.
I didn't at my time, and I am hoping others won't now at their time. |
