[I_Like_Plants]

Smallpox girl is right, the BK people theoretically are very good at finding out about stuff like that. So no giving your 10-year-old cousin your speedboat.

[mekrob]

$this->bbcode_second_pass_quote('I_Like_Plants', 'S')mallpox girl is right, the BK people theoretically are very good at finding out about stuff like that. So no giving your 10-year-old cousin your speedboat.

[Tyler_JC]

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('Kylon', 'C')ouldn't you just "sell" your assets to your other family members for nothing, then file for bankruptcy?

[smallpoxgirl]

$this->bbcode_second_pass_quote('Tyler_JC', 'B')ankruptcy is a legal gift if you think about it. Your creditors are agreeing to forgive a large fraction of your debt. Were it not for bankruptcy, you would be stuck paying the same overwhelming debt load for your entire life and in another era, you could end up in PRISON.

[I_Like_Plants]

$this->bbcode_second_pass_quote('smallpoxgirl', '
')I think it's important to understand that bankruptcy is an integral part of the consumer economy. If people had to worry about those sorts of consequences, they would be far less inclined to use credit and ultimately the creditors and retailers would suffer far more than the consumers. It's really not a benevolence thing on the part of the government or the creditors as much as a rule that helps entice people to play the game.

[deeciduous]

Sell all that you have. Pay off your debts first.
Give your cash from the proceeds and give to the poor.
Last chance for good deeds.

[kabu]

Good call, deeciduous.

Yep, bankruptcy will be around in these consumer economies until they're going down anyway. After which, we might see a return of debtor prisons, in some areas? I really can't say.

Slavery's still a significant part of the world economy, from coco pickers on the Ivory coast to US prison slavery. I can imagine it making a huge comeback into pop culture, right out in the open, after all of these unproductive consumers no longer have their place.

[I_Like_Plants]

Kabu you make some good points - prison slave labor is actually a very large part of the US economy. Ever seen the prison-labor products catalog? I did once, it's the size of a Los Angeles phone book.

I suspect they'll round up debtors where it's most easy and profitable, in the cities. Out here we're armed to the teeth and a large portion of the people here just don't like the government. And there's far, far more social cohesiveness here than in the city, so I'd expect a place like this to be the last hunting grounds of the US gov't slavers.

I actually expect parts of the US to be sort of like parts of Afghanistan - gov't will fear to tread there.

It will be the tough mountain people and the city sheeple just as always, I guess.

[kabu]

Yeah, better off being a tough mountain person, that's for sure.

I never knew they had such catalogs. I'll look around for an online version of one, cause I'm actually pretty interested in seeing what those guys make.

[I_Like_Plants]

One company using disabled, but I also think prison, labor is Skilcraft. You know, like the pens, anyone who's been in the US military knows ol' Skilcraft.

Yes I'm sure it's all online now - another name that pops into my mind is "Prison Industries" that's a really imaginative name, isn't it?

[Prince]

$this->bbcode_second_pass_quote('smallpoxgirl', 'I') just went through ch. 7 a few months ago. The new law isn't that big of a problem. Really it's just an issue if your annual income is over the median in your state. The credit counseling is a joke.

[Chesire]

$this->bbcode_second_pass_quote('Prince', '')$this->bbcode_second_pass_quote('smallpoxgirl', 'I') just went through ch. 7 a few months ago. The new law isn't that big of a problem. Really it's just an issue if your annual income is over the median in your state. The credit counseling is a joke.

[Tyler_JC]

$this->bbcode_second_pass_quote('Chesire', '')$this->bbcode_second_pass_quote('Prince', '')$this->bbcode_second_pass_quote('smallpoxgirl', 'I') just went through ch. 7 a few months ago. The new law isn't that big of a problem. Really it's just an issue if your annual income is over the median in your state. The credit counseling is a joke.

[Prince]

$this->bbcode_second_pass_quote('Tyler_JC', 'F')irst of all SPG is a woman living in Montana so the fast car/fast lifestyle thing isn't her style.

I don't think it's overspending that leads to problems, it's the malpractice insurance.

A friend of mine's dad was a chiropractic doctor but lost his business because the malpractice insurance was driving him into bankruptcy.

Now he's a nurse with a M.D.

[Cloud9]

Its the other business deals that drive them into bankruptcy. Two just came into my son's office to file bankruptcy in the last month.

[Iaato]

$this->bbcode_second_pass_quote('Chesire', '')$this->bbcode_second_pass_quote('Prince', '')$this->bbcode_second_pass_quote('smallpoxgirl', 'T')he more money ya have the more expensive your vices get .
You drive faster cars , drink top shelf stuff , never settle for one call girl when you can have two . Your smokes , clothes , coffee , home furnishings and fuck toys are all from Europe . And you figure you can always pad the bill and save some next year or the year after or the year after. Until you are mess and end up as a hack doctor in the prison system cause no other hospital or practice will take ya and the IRS is collecting 42 % of your shitty check )

[ALBY]

First of all, if you go to med school, and graduate to a job making $150K a year, you're losing money. hence the number of specialist surgeons vs family medical doctors. the debt load for physicians is crushing. so most can't afford to work for peanuts ($150K). Any decent physician, with a sizable practice and in a specialty is making telephone numbers. I oughta know, we pay them !

also LMFDO at the idea of SPG driving a porshe, drinking champagne with a couple floozy's hanging out the side. thats facking great !


**points and laughs**

[TWilliam]

$this->bbcode_second_pass_quote('kabu', 'I') never knew they had such catalogs. I'll look around for an online version of one, cause I'm actually pretty interested in seeing what those guys make.

[I_Like_Plants]

Ahh.... doctors & debt & bankruptcy......

There was a book out a few years ago called "Affluenza" and the author chose doctors to study first because they were getting these huge salaries out of med school and getting into the most trouble financially.

Just read about doctors and "affluenza" lots of reviews etc on the net.

It comes down to the same kind of "sudden bling syndrome" that has lottery winners broke again an average of 3 years after winning.

[I_Like_Plants]

It's a psychological thing, too - a doctor is "supposed" to live at such and such a level...

I watched the premeire of "Breaking Bad" last night, it was about a HS chem teacher trying to live far above his means, he's working at a carwash on the side, his wife's selling fake shit on Ebay, it's really pathetic. So the chem teech decides since he had terminal lung cancer, he's going to brew up a bunch of meth and make a bunch of $$ so his family will be OK when he's gone - like they're not going to blow through however much $$ he can make like grease through a goose.