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besides... everynametaken Send a noteboard - 20/02/2010 12:58:55 AM
Taxpayers have a bail out. Its called bankruptcy. You can go through the process and walk away from hundreds of thousands of dollars in debt without paying a dime. You can do it once every 4-7 years. That is a bail out, people just don't like to think of it as such.


not since the bankruptcy act which does not allow you to declare bankruptcy and get out of your credit card debt from doing so. so, you're still on the hook for those credit cards, even if most of the rest of your debt is erased (or close to it). not only are you still liable for credit cards, but in some cases, your credit card debt takes precedent over things like child support/alimony. i would hardly call consumer bankruptcy a bailout, but i guess it's probably the closest thing the average person has...


A company can go bankrupt, dissolve, and the same people who ran that company can start a new one readily enough as long as they have enough capital to go. Individuals and families that go through bankruptcy pay for years due to the bankruptcy mark on their credit reports.

BTW, I am not commenting on whether people should go bankrupt or whether they should have to pay for 7 to 10 years for it, I am simply showing that a company and an individual going bankrupt are not even close to the same thing.
But wine was the great assassin of both tradition and propriety...
-Brandon Sanderson, The Way of Kings
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