Re:Danes Get 20-Year 0% Mortgages
by gen220 on Tuesday January 05, 2021 @05:02PM
(#25651783)
In the US, bankruptcy is often used as an instrument of the wealthy, to escape earlier risky bets. And in some cases, to avoid taxes.
Having such a severe punishment is probably more of a deterrence against risky behavior in the upper 5% of society, rather than a burden on the impoverished.
Without knowing anything about it, I would assume that the politicially-negotiated subsistence amount is probably quite lenient to lower-income folks.
Having such a severe punishment is probably more of a deterrence against risky behavior in the upper 5% of society, rather than a burden on the impoverished.
Without knowing anything about it, I would assume that the politicially-negotiated subsistence amount is probably quite lenient to lower-income folks.