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106
posted 1 year ago by GoldenInnosStatue on scored.co (+0 / -0 / +106Score on mirror )
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Brannvesen on scored.co
1 year ago 2 points (+0 / -0 / +2Score on mirror ) 1 child
Thanks for the information, so if I get it right. If the debt is big enough, it can be a net positive to declare bankruptcy in the US.

Here they never write it off, unless you're dead, but at least you get to keep your house, your car, one jewbox and some subscriptions, basically the essentials needed to live a normal shabbos goy boomer life, possibly to allow you to work and pay of the debt.

It's also a lot harder to acquire any significant amount of debt, especially if you're old or sick, (((they))) really wanna make sure that all debt plus interest is paid back.

Seems like the best option here is to simply not have any debt at all, and have as low living costs as possible to pay less. Thankfully houses are cheap outside the cities, utilities are cheap too, easy to cross the border into Sweden to buy stuff cheap there.

Gonna have to look into it more tho, because I'm no expert on how it works here either.
Kopkot on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror )
Ya I believe it's much harder to get debt in Europe as opposed to the USA, but I have little understanding beyond that.

The USA they really want a debt consumption based economy so it's easy to qualify for unsecured debt like credit cards.

Basically the best thing if you have mostly exempt assets is to run up loans and debt, be aggressive with your businesses and not worry too much if you declare bankruptcy. I am basically a middle class peasant with a couple credit cards I never pay interest on and I have like 50k credit limit. At one point I had like 80k credit limit and 40k yearly income. It's absurd.

Banks prey on people getting in debt and paying interest forever.
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