this post was submitted on 26 Dec 2023
660 points (95.8% liked)

Memes

45690 readers
444 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
660
Bankruptcy is lifesaving (lemmy.ml)
submitted 10 months ago by [email protected] to c/[email protected]
101 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 14 points 10 months ago (1 children)

you do realize that bankruptcy does have consequences, right? for one, it's nearly impossible to find a new place to live if you've ever declared bankruptcy. If you work in certain sectors, you can lose your job. if you're a government worker, you'd lose your security clearance or probably even a public trust. If you lose your job, new companies that might hire you would likely do a credit check for some reason and find you unqualified because of that bankruptcy.

[โ€“] [email protected] 0 points 10 months ago* (last edited 10 months ago)

So it's double-triple bad to have debt? Then manage the finances, assess the risks, cut unrealistic expectations that will toss you into the debt spiral, because it's triple-bad. Who is to blame?