this post was submitted on 26 Dec 2023
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Bankruptcy is lifesaving (lemmy.ml)
submitted 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 10 points 10 months ago* (last edited 10 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.

[–] [email protected] 24 points 10 months ago (11 children)

This is just not true.

[–] [email protected] 29 points 10 months ago (1 children)

But it’s on the internet?

[–] [email protected] 7 points 10 months ago

Fair point.

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