3 ms·
One hypothesis: it’s too expensive. Total cost (including an attorney) for declaring bankruptcy sits around $2500 and at one point the article points out that
by jnovek 3y ago
One hypothesis: it’s too expensive.
Total cost (including an attorney) for declaring bankruptcy sits around $2500 and at one point the article points out that her bank account is $900 overdrawn. If you’re in that situation, $2500 might as well be a million dollars.
- jstarfish 3y agoYes and no. She's trying to be honorable in a world that doesn't optimize for it. I was in a similar position once. My attorney couldn't reconcile why I was filing for bankruptcy when I was still actively paying my debts. The expectation is that you should have long ago stopped paying the debts you're trying to discharge, because it conveniently frees up more than enough money to pay bankruptcy fees.