SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Mike M2 who wrote (41549)12/30/1998 3:42:00 PM
From: Skeeter Bug  Respond to of 132070
 
Message 7035143

mike, quit beatin' us with those leather links, bro, and make some money for a change (no, not spare change ;-)



To: Mike M2 who wrote (41549)12/30/1998 3:47:00 PM
From: Ilaine  Respond to of 132070
 
Yes, Mike-and-Will, I did read the article by Tice, who is a pretty sharp guy, himself. I don't know whether my experiences are out of the ordinary, however, but I used to handle a lot of divorces, gave it up because I just got sick of it, in my practice I have seen very many people in very bad credit trouble. I was surprised that he found filing for bankruptcy owing 3-5 years income extraordinary. In my experience, people rarely wait that long, although I have not done a bankruptcy in a couple of years. I had many people consult me about filing bankruptcy owning maybe $10,000 - $20,000. As soon as a creditor files suit, or no later than the first garnishment attempt, most debtors file bankruptcy, in my experience. There is no longer any stigma attached, it is quick, relatively cheap, easy, and painless anymore. Also, borrowing 125% of home equity is nothing new, either. The days of honoring your just debts are gone.