Re: Sherman acquitions

Posted by A Tutorial (68.106.16.82) on July 12, 2003 at 20:16:22:

In Reply to: Re: Sherman acquitions posted by Johnny on July 12, 2003 at 19:27:52:

Sorry, John, my post was a tad oblique.

Trust me, I am on your side.

$400 per year per family “Bankruptcy Tax” refers to the $40 billion per year discharged in personal bankruptcies divided by the 100 million family units in the USA. It is a term used by the credit industry to claim that the average “paying” family is saddled with $400 per year in higher credit costs to make up for the losses suffered through bankruptcy. It is used to move public opinion towards “bankruptcy reform.”

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