| You go to the track to play the horses.
| |
| | Then you come home and file. Docket day
|
| Bad day. You lose $5,000. You try to
| |
| | comes and the judge says, hey, wait a
|
| recoup by buying 1,000 lottery tickets.
| |
| | minute, there are a few questions. Have
|
| With the 100,000,000 to 1 odds against
| |
| | you applied for any new credit cards
|
| you so drastically reduced, you now have
| |
| | lately? How many charges? What amounts?
|
| an excellent chance of winning, don't
| |
| | Over the limit? Did you consult an
|
| you? Wrong. Next you clean out your
| |
| | attorney before filing? Did you make
|
| bank accounts, borrow on your insurance
| |
| | multiple charges on the same day? Was
|
| policies, take a second mortgage on your
| |
| | there a sudden change in your buying
|
| house, and go to Las Vegas. Ignoring how
| |
| | habits? Were the purchases for
|
| storm clouds form, you know you can turn
| |
| | necessities or luxuries? What's your
|
| your run of bad luck around and come out
| |
| | current income and prospects? How many
|
| of your mire smelling like a rose garden.
| |
| | changes, and of what nature, in your
|
| You drop $10,000 at blackjack, then your
| |
| | lifestyle? Gambling? Luxury vacations?
|
| last $30.000 shooting craps.
| |
| | Holed. Cornered. Trapped. You now
|
| Woe is you You now can't pay your bills.
| |
| | realize that--while you are an
|
| Where do you go from here?
| |
| | exaggerated case--yours is somewhat
|
| To a credit counsellor, of course. After
| |
| | typical of today's "no way out" path to
|
| all, the ad, "Bad Credit? No Problem!,"
| |
| | Debtors' Prison, and the only thing left
|
| assusres you of a way out, right?
| |
| | for you is to throw youself on the mercy
|
| The counsellor says, let's consolidate.
| |
| | of the court. And, sadly, the newest
|
| You feel you've been suckered. You
| |
| | bankruptcy law is little more than the
|
| should have known that the "No Problem"
| |
| | "Credit Card Issuers' Relief Act." It
|
| part of the ad really meant, "Big
| |
| | tightens the screws on credit card
|
| Probem."
| |
| | debtors to the point many will wish for
|
| Next you visist a bankruptcy lawyer. She
| |
| | the blessed relief of a Debtors Prison.
|
| says file for same.
| |
| | How do you compensate, reform, adjust?
|
| You sigh, agree, and decide on one last
| |
| | Work hard, long hours. Economize..
|
| fling before doing so. You apply for 2
| |
| | Budget. Honor thy debts. Pray.
|
| additional credit cards, max them out,
| |
| | What else?
|
| and go skiing in Aspen for 2 weeks.
| |
| |
|
