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Old 01-11-2006, 06:01 PM   #1
footfootfoot
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The new bankruptcy laws have taken all the fun out of racking up huge debt.
Dave Barry once cited the two most common taxpayer mistakes as being
1. Failure to include a return address along with your tax return, and
2. Failure to be a large corporation making huge doantions to key, tax–law writing congressmen.

I would say you problem is a variation of the second.
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Old 01-11-2006, 06:20 PM   #2
SteveDallas
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Quote:
Originally Posted by footfootfoot
I would say you problem is a variation of the second.
Too true... there's a saying: If you owe the bank $1,000 and you can't pay, you have a problem. If you owe the bank $1,000,000 and you can't pay, the BANK has a problem.
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Old 01-11-2006, 08:44 PM   #3
marichiko
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Well, this was my experience in Colorado several years back for what its worth. Right when I got sick, my bank account blew up which is another long sad story that I won't go into. However, I paid off my creditors as best as I could at the time, but neglected to take care of a check to Domino's Pizza for $12.00. Domino's came back at me two years down the road with fines, fees, penalties and accessments that morphed the original $12 into something like $200! They took me to court over it, and I filled out a form pleading abject poverty which was a 1000% true. The judge looked the whole thing over, got a really annoyed look on his face, glared at the Domino's representative and threw the entire case out. I never even was required to pay the original $12.00!

As far as I know, new laws or no, the US still doesn't have debtor's prison. As far as I know.
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Old 01-11-2006, 09:14 PM   #4
itsjulie
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Join Date: Sep 2005
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Don't ignore it!

They just sued me and ended up taking the money directly out of my checking account!!! They did send me letters and I kept giving them to my ex - it was in both our names, but his debt. Foolish me assumed he took care of it and the week of xmas they withdrew $750 out of my checking!

Again, Don't ignore it!!
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Old 01-11-2006, 11:56 PM   #5
tw
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What do you think those who loot and pillage do while they are not making commercials? Now that so many people have shifted to Capital One, they have all new jobs ....

It does no good fighting with a company that hires professional warriors. What lawyer's in your pocket?
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