The procedure “To file Bankruptcy” should be taken off the books. It does not solve any initial problem of how you got to being bankrupted. It allows debt to be freshly started all over again! It’s a cheaters way out..I don’t like it.
Don’t even get me stated about bankruptcy. I cam the President of our HOA. High end condos..and I can’t tell you how many deadbeats file bankruptcy, and one they file, we cannot say BOO to them. They can come here, use the facilities and not pay a dime. It’s like spitting in our faces. It’s theft and there’s nothing we can do.
It is the only way to put the pensions at a reasonable level.
The cheaters are the ones who got the outrageous pensions in the first place.