The creditors were not cheated! They lost money because due to risks
associated with doing business. This is basic business stuff.

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

"Scott Vernon" wrote in message
...

"JG" wrote in message
...
No they're not. They've been involved in situations beyond their
control.
Cheating implies some nefarious act.

Not necassarily. If someone files bankrupcy, even though they tried
their hardest and were honest, their creditors are still cheated out
of the money they're owed.

Scotty



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

"Scott Vernon" wrote in message
...
Well, they're cheating somebody.


"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