Was Cutting the Cord, Getting rid of the monkey

[Tim Tisdall]

It was a little of both...


On Wed, Apr 24, 2013 at 8:07 PM, William Muriithi <
william.muriithi-Re5JQEeQqe8AvxtiuMwx3w at public.gmane.org> wrote:

> James,
>
> >
> > In my case, all except two credit cards have been cancelled, with no
> outstanding debt on them.
> >
> > In the two remaining cards, my credit limits have been set to zero.
> >
> > Paying a debt with a cheque when you know that you have insufficient
> funds is a crime, and paying a debt with a credit card with a credit limit
> of zero is impossible.
> >
> > Were you joking?
> >
> >
> I don't think he was joking.  He is mostly confused of the process as I am.
>
> See, for you to sit and decide to declair bankruptcy, you mostly wouldn't
> have any money at all. So you would get to a catch 22 scenario where you
> need bankruptcy to exit debt but can't afford to pay for bankruptcy.
>
> Who receive the $3,000? Lawyer's?  Bank? Where do you go to declair
> bankruptcy? Just being curious here.
>
> William
>
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