Bankruptcy

Not to say I didn't make mistakes, and wow, this shit is old, but:

1) The debt I managed to pile up occured years before this, and had just piled there while I struggled to climb out from underneath it.

2) The computer did not belong to me, it was issued to me by the job, which I was working, every day.

3) Miller light is cheap, if you know where to buy it, and you might want one too, if you're filing for bankruptcy.

4) Cigarettes are dumb. And addictive. You got me there.

5) "Fixing up the house" probably wouldn't have helped my situation, since I was just renting a room in it.

6) Who the hell are you people? My entire family collapsed into debt, over healthcare costs, education costs, and what you can come up with is "Sell your computer and the couch you pulled off the side of the road?"

Wow.

This video will demonstrate just how far the American Credit System in America has gone to destroy your lives. This is a live video with Nationwide Credit Inc.as they try to collect for American Express. This is a debt collection call against a debtor who contemplates suicide. Viewer Discretion is advised, and PLEASE add your comments and vote, as the American Public deserves to see this on Current.tv (C) RobertPaisola.com 2009

there are 2 thigns he ca do

plan A: take his cat and guitars and run off to mexico

Plan B: fix the look of his house with what ever spare cash he has and sell it, sell all of his furnishings... sell everything. then rent an apartment close to work with the cash and start paying of the loans

ipod, iphone, cigarettes, miller lite.....these are the 'neccessities that Jay used his credit for? I just don't understand folks who don't just STOP using their credit cards to buy luxuries they cannot afford.

Time to watch Vierotchka's Movie again.

http://video.google.com/videoplay?docid=-9050474362583451279

Have you ever wonder how Government, Banks and Credit Lenders gets a bail out and individuals don't?

It's wild to think about the state of my credit situation...I know I am not alone in this, but I still feel shackled and chained...financial freedom or at the very least, freedom from financial obligations and restrictions would be great....but for now, we are chained to an elephant and can't break away...

Clearly this guys a bum, wasting the air we breath, and defiling it with his irrespondsiblities. I this he should be shipped off, to war's front line.An act of proper justification should do him much disipline.

Cred-Debt is just a legal form of Indebted Servitude.

The credit lenders are one of the sickest planned institutions protected under US Government umbrella. A three star abuse to the student loans institutions. Together with other "jerks," they violate more Laws in this country against human rights then anybody else! These people are terrorists calling and monopolizing your phone many times daily. A complete show down of human rights abuse I have seen. Maybe only the SFMTA-Muni and the all the other jerks in traffic can top that. Its is Jerks on parade with more jerks on parade. You know, I am working on this good program for psychopath rehabilitation. I am psychic and I can sense trouble. Have you checked the Department of Education Lately? You better check these guys out because their actions are out of control there! They are dealing with Student loans and abusing people over the phone. Wow! What's next?

Maybe he's been a bit stupid, but I reckon that being too harsh towards someone who's in major debt is a little like pre-mashing David, before he's spoon-fed to Goliath.

Credit card companies and banks make money from people's difficulty making repayments, and of course the difficulty increases exponentially as people borrow more. I think bankruptcy is necessary when there's no-light, no-hope and desperation.

I'm living in a society where having running water is taken for granted - and if I'm honest, I feel I can use as much as I need. In a way, I don't always see water as a finite resource – and I think the same psychology comes into play when some people think about loans, overdrafts and credit cards... so they keep spending till bust.

I think what's most interesting, is working out how society (and commerce specifically) encourages and validates the borrowing and spending. The system's f*cked up and bankruptcy is just a symptom.

I liked the report .. but the subject scares me.

Wow, I think this character is a great character for showing college students what not to do. Because, while he made some bad decisions, that's kind of a big part of college, and his bad decisions just happened to be financial.

I also like how the story starts with the voice message. It sets the story up perfectly, and his semi comical filing of the paper work is great because everyone can relate to those strangely worded government forms that we all have to try and understand for one purpose or another.

And I think the overall message is pay attention to your money, even in college! I don't think the film makers try to glorify his situation by any means, and I like how they did the whole pod.

great stuff.

ignorance is not an excuse, and you actually do have to pay back stuff.

so sell your computer, quit smoking, pay your stuff off, and then maybe you can get something when you've earned it.

thats goes for everyone in america who's in that situation.

I really do not think its interesting - I think its quite pathetic and aggravating that someone his age has no idea how to deal with money or the lack of. The chick at the end was absolutely right. Chapter 7 was not meant for a college kid who can handle his spending.

Who was that chick at the end? She just totally took the side of the creditors and the 2005 bankrupcy laws. I'm not a laywer or a politician, but I've never heard anything positive about the law or the credit card companies. It seemed as if she worked for both. Who's holding the credit cards companies accountable for offering credit to people who can't afford it? I saw a Direct Loans... Why is education so expensive that one needs loans?

I don't want to sound insensitive, but what about the Apple Powerbook ($650 - $1300 used), iPod, cigarettes, and beer. Everything else aside, the average smoker pay about $157 / month on smokes. That looks like a good monthly amount to start paying back those bills.

This is my worst nigthmare. Credit problems, debt and bankruptcy is certainly a growing problem among today's 20-somethings. College students need to be more aware that credit cards and their credit aren't just something you buy into for a free t-shirt, that a few mistakes with these can cause you financial problems for the rest of your life.