Who wins in this situation? The consumer or “the system”? Getting credit is very easy today and many take advantage of the endless offers only to end up in a bankruptcy situation. Now laws on bankruptcy have changed and are more difficult for the consumer.
Often laws and regulations are implemented to address a situation that only the minority of people are involved in and does not take into account what the majority of consumers are actually doing. Then the law penalizes the majority for the minority’s errors or stupidity.
Here is a question regarding such a situation which was posed to the Bankruptcy Advisor at Bankrate.com
{"id":60,"date":"2006-02-14T14:36:56","date_gmt":"2006-02-14T19:36:56","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/free-money\/difficulty-in-filing-bankruptcy-explored"},"modified":"2006-02-14T14:37:02","modified_gmt":"2006-02-14T19:37:02","slug":"difficulty-in-filing-bankruptcy-explored","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/free-money\/difficulty-in-filing-bankruptcy-explored","title":{"rendered":"Credit card companies encourage people to take on debt."},"content":{"rendered":"\n\n\t<\/p>
Who wins in this situation? The consumer or “the system”? Getting credit is very easy today and many take advantage of the endless offers only to end up in a bankruptcy situation. Now laws on bankruptcy have changed and are more difficult for the consumer. <\/p>\n\n\t
<\/p>
Often laws and regulations are implemented to address a situation that only the minority of people are involved in and does not take into account what the majority of consumers are actually doing. Then the law penalizes the majority for the minority’s errors or stupidity. <\/p>\n\n\t
<\/p>
Here is a question regarding such a situation which was posed to the Bankruptcy Advisor at Bankrate.com <\/a><\/p>\n\n