3 ms·

Defaulting on a debt isn't the same thing as getting something for free.

• WalterBright 5y ago
  That's exactly what it is.
  • coldtea 5y ago
    If you're a rich person with stuff in your company's name, or some kind of structured impersonal assets (and ultimately, relatives to take care of you, and friends to do you favors every time you bankrupt and default Trump-style) yes. Otherwise, there are repercusions from one that aren't there on the other - up to incoming a debt slave to your default's arrangement, not getting any credit anymore, and even ending up homeless.
    • WalterBright 5y ago
      You're still getting something for nothing. And in a few years, your debt is expunged.
      • DarylZero 5y ago
        By your logic literally everything is free, since you can borrow cash and pay for it with cash and default on the debt.