|
I've never believed that bankruptcy should be an option. If you borrow too much money and sign a contract then you and you alone should be responsible for fullfilling that contract. If you default on your mortgage you should lose your house. The average taxpayer shouldn't half to pay for others peoples mistakes. It's not the banks fault. I can offer you a loan for 15%. That doesn't make me a criminal or an immoral person. It makes me a good business person if I can find people to sell that rate to.
If you owe money, pay it back based on the contract you signed or face the consequences which in this case should be forclousre. Don't expect other people to bail you out because you made a bad decision.
I recenly made a bad decision to co-sign on a friends apartment. My "friend" won't pay so now i'm contractually obligated to pay rent thru next may. It sucks, but I signed a contract. I'm not looking for other people to bail me out. It was my mistake.
|