this post was submitted on 26 Dec 2023
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Bankruptcy is lifesaving (lemmy.ml)
submitted 11 months ago by Grayox@lemmy.ml to c/memes@lemmy.ml
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[–] tygerprints@kbin.social 10 points 11 months ago* (last edited 11 months ago) (14 children)

Most individuals still have to work out a debt repayment plan. I know some credit cards and loans still have to be repayed even in bankruptcy. Chapter 11 bankruptcy is only available if you're a corporation or a kajillionaire.

[–] stevehobbes@lemy.lol 24 points 11 months ago (11 children)

This is just not true.

[–] SuckMyWang@lemmy.world 29 points 11 months ago (1 children)

But it’s on the internet?

[–] stevehobbes@lemy.lol 7 points 11 months ago

Fair point.

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