3 ms·
The bankruptcy would remain on their credit report for seven years (affecting their ability to buy a house, rent an apartment, or perhaps even get a job), so it
by Turing_Machine 8y ago
The bankruptcy would remain on their credit report for seven years (affecting their ability to buy a house, rent an apartment, or perhaps even get a job), so it's not at all correct that they have "nothing to lose".
- user5994461 8y agoIt's not like they could repay hundreds of thousands of debt and buy a house within 7 years anyway.