My HELOC was just yanked.

[contraman]

Kewp,

I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..

I know we hate to hear this, but it’s the way it is in the REAL world.

The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.

It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…

The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..

Sincerely, Contraman

[kewp]

Contraman,

I would never get in over my head with debt enough to consider bankruptcy. If that makes me sucker, so be it.

If defaults go high enough, lending standards will adapt to the point that the deadbeats can’t borrow at all.

[kewp]

Contraman,

I would never get in over my head with debt enough to consider bankruptcy. If that makes me sucker, so be it.

If defaults go high enough, lending standards will adapt to the point that the deadbeats can’t borrow at all.

[kewp]

Contraman,

I would never get in over my head with debt enough to consider bankruptcy. If that makes me sucker, so be it.

If defaults go high enough, lending standards will adapt to the point that the deadbeats can’t borrow at all.

[kewp]

Contraman,

I would never get in over my head with debt enough to consider bankruptcy. If that makes me sucker, so be it.

If defaults go high enough, lending standards will adapt to the point that the deadbeats can’t borrow at all.

[kewp]

Contraman,

I would never get in over my head with debt enough to consider bankruptcy. If that makes me sucker, so be it.

If defaults go high enough, lending standards will adapt to the point that the deadbeats can’t borrow at all.

[contraman]

Kewp,

My apologies for the way I worded that last post to make it seem like you were personally considering BK.

To sum it up:

It’s easy to pass and enact laws (well not really with our clowns in the govt), but difficult and costly to enforce them.

There are patent laws. If you violate my patent I can sue you to try to receive compensation for damages or revenue that was generated using my patent. This is the law.

Say a Fortune 100 company stole my patent, and I am a start up company burning through cash to pay the employees…..

Even though I have the legal right, I will not pursue enforcing it because it doesn’t make FINANCIAL SENSE!

Hopefully, you see how things work here now in banking land also…..

Sincerely, Contraman

[contraman]

Kewp,

My apologies for the way I worded that last post to make it seem like you were personally considering BK.

To sum it up:

It’s easy to pass and enact laws (well not really with our clowns in the govt), but difficult and costly to enforce them.

There are patent laws. If you violate my patent I can sue you to try to receive compensation for damages or revenue that was generated using my patent. This is the law.

Say a Fortune 100 company stole my patent, and I am a start up company burning through cash to pay the employees…..

Even though I have the legal right, I will not pursue enforcing it because it doesn’t make FINANCIAL SENSE!

Hopefully, you see how things work here now in banking land also…..

Sincerely, Contraman

[contraman]

Kewp,

My apologies for the way I worded that last post to make it seem like you were personally considering BK.

To sum it up:

It’s easy to pass and enact laws (well not really with our clowns in the govt), but difficult and costly to enforce them.

There are patent laws. If you violate my patent I can sue you to try to receive compensation for damages or revenue that was generated using my patent. This is the law.

Say a Fortune 100 company stole my patent, and I am a start up company burning through cash to pay the employees…..

Even though I have the legal right, I will not pursue enforcing it because it doesn’t make FINANCIAL SENSE!

Hopefully, you see how things work here now in banking land also…..

Sincerely, Contraman

[contraman]

Kewp,

My apologies for the way I worded that last post to make it seem like you were personally considering BK.

To sum it up:

It’s easy to pass and enact laws (well not really with our clowns in the govt), but difficult and costly to enforce them.

There are patent laws. If you violate my patent I can sue you to try to receive compensation for damages or revenue that was generated using my patent. This is the law.

Say a Fortune 100 company stole my patent, and I am a start up company burning through cash to pay the employees…..

Even though I have the legal right, I will not pursue enforcing it because it doesn’t make FINANCIAL SENSE!

Hopefully, you see how things work here now in banking land also…..

Sincerely, Contraman

[contraman]

Kewp,

My apologies for the way I worded that last post to make it seem like you were personally considering BK.

To sum it up:

It’s easy to pass and enact laws (well not really with our clowns in the govt), but difficult and costly to enforce them.

There are patent laws. If you violate my patent I can sue you to try to receive compensation for damages or revenue that was generated using my patent. This is the law.

Say a Fortune 100 company stole my patent, and I am a start up company burning through cash to pay the employees…..

Even though I have the legal right, I will not pursue enforcing it because it doesn’t make FINANCIAL SENSE!

Hopefully, you see how things work here now in banking land also…..

Sincerely, Contraman

[kewp]

Contraman,

I understand your position.

But at some point the chickens have to come home to roost. Banks are going to fail and bonds are going to become illiquid. This is already happening.

Nobody is just going to lend Americans money if enough of them default to make it bad investment. They will just stop. Yes, I admit there are folks that will get an extra spin on the ferris wheel before it runs out of momentum; but its ultimately going to come to a halt.

[kewp]

Contraman,

I understand your position.

But at some point the chickens have to come home to roost. Banks are going to fail and bonds are going to become illiquid. This is already happening.

Nobody is just going to lend Americans money if enough of them default to make it bad investment. They will just stop. Yes, I admit there are folks that will get an extra spin on the ferris wheel before it runs out of momentum; but its ultimately going to come to a halt.

[kewp]

Contraman,

I understand your position.

But at some point the chickens have to come home to roost. Banks are going to fail and bonds are going to become illiquid. This is already happening.

Nobody is just going to lend Americans money if enough of them default to make it bad investment. They will just stop. Yes, I admit there are folks that will get an extra spin on the ferris wheel before it runs out of momentum; but its ultimately going to come to a halt.

[kewp]

Contraman,

I understand your position.

But at some point the chickens have to come home to roost. Banks are going to fail and bonds are going to become illiquid. This is already happening.

Nobody is just going to lend Americans money if enough of them default to make it bad investment. They will just stop. Yes, I admit there are folks that will get an extra spin on the ferris wheel before it runs out of momentum; but its ultimately going to come to a halt.

[Author]

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