I agree and I did notice. The ones similar to who you desribed should be
prosecuted and certainly denied the ability to get away with bankruptcy, but
there are lesser fools out there who are really just unsophisticated. They
deserve our compassion. I did a field trip a few years ago to the bankruptcy
court. Most of the people there were really hard luck cases. I recall one
young woman, probably in her early to mid 20s, attempting to declare bc due
to debts totally less than $5K. The judge successfully talked her out of it.
She didn't really understand the consequences of what she was doing. Most of
the rest were poor working people and the elderly. If you haven't been to
the court, you should definitely check it out. It was quite depressing.

--
"j" ganz @@
www.sailnow.com

"Scout" wrote in message
...
Yep, but notice that I carefully couched my reference to "fools in debt."
There are always legitimate cases where honest people have fallen on hard
times and it is in the best interest of the rest of us to help them regain
their balance.
There are others, of course, like the big casino mahof, who hired my
company to do his mechanical construction and then claimed (planned)
bankruptcy. He offered us 10 cents on the dollar. As you can see, he is no
where near bankrupt and planned to let the contractors pay for his casino.
We said no, beat him in court, and got all of our money.
Scout


"JG" wrote in message
...
I agree, but a very large number are in that situation because of family
problems, such as illness or death of a spouse or child/parent. Most are
not cheating the system.

--
"j" ganz @@
www.sailnow.com

"Scout" wrote in message
...
No they don't. What they do is offer the card at a lower rate and then
let it crawl like ivy up a wall.
And by the way, I'm all for making bankruptcy more difficult for fools
in debt. Why should we all pay for their lack of discipline. Wouldn't
Neal be surprised.
Scout

"Scott Vernon" wrote in message
...

"Scout" wrote ...
What it means is that people who can scrape together two
nickels to save will get 1.5% interest while credit card companies
rape
people for 20% (check out Citi-Bank's earnings and policies).

Rape? Anybody that uses a CC deserves what they get charged. it's not
like they hide the int. rates.

Scotty