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[alleycat]

I agree Allison with you but I also understand the poster prior. The problem with bankruptcy is that it was abused. This is why they changed the laws to bankruptcy and now it is much harder to file. Case in point lets look at the famous Donald Trump. The man has filed over 4 bankruptcy's if im not mistaken over the past 30 years. He does this to avoid paying large sums of money yet, creditors tend to keep giving him money. I wonder what he will do now that there is no money to give out?

I do not know if Mr Trump filed personal bankruptcy or if he filed to protect his businesses. I think it was for his businesses. Look at the car companies, airlines, and other large businesses that had to go into bankruptcy protection. Without this many business and people would fold. People would not have jobs and they would not be able to protect any assets that they might have. Bankruptcy was placed into our system to protect. Can it be abused? Yes it can. When you are in a bankruptcy and you are being held accountable to a trustee, and a judge you really do not want to have any false documents. Not being honest to a judge is not a good look!

The easy part for these people is finally filing a bankruptcy. The hard part is the stigma people cast upon people that actually need to go into bankruptcy protect.