Quote:
Originally posted by oldsam
I guess I'm too old to know what cheese and rice means.
I would urge anyone here not try to file bankruptcy in the USA by declaring they can not pay 26% of their creditors.
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You are simply incorrect. All one needs to do is prove their income is not sufficient to pay their creditors and survive at the same time. If you tally up your loan payments and they are 26% higher than your income you will breeze through BK court. Like I said, many people go BK when they could pay all their bills but have nothing left to live on. I will gladely wager you on this and I'll pay for the BK lawyer to explain it to you (I'm sure he'llearn his money with you).