Quote:
Originally Posted by amanda6035
I wish bankruptcy wasn't an option... too many people abuse it and don't learn their lesson.
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Please cite your sources.
Most bankruptcies are medical, and people can not simply "negotiate debts away", as you seem to think. If they *DO* negotiate, it's because the creditor would rather get part of the repayment, rather than getting nothing if the debtor went into bankruptcy. If bankruptcy no longer existed, the debtor's ability to negotiate would all but disappear.