Bankruptcy Questions Answered

Bankruptcy

The Seven Year Itch (Not To Mention The Solution To All Your Financial Problems): Bankruptcy! Clarissa Dickson-Wright, the surviving (blonder; more corpulent; less Mediterranean; less adept at actually cooking) half of the wonderful BBC cooking show Two Fat Ladies, serves a salty and amusing column on bankruptcy. For those deep in debt - never mind how paltry the sums involved - it offers a legal, no-more-stiff-letters-and-phonecalls solution. And the consequences, credit-wise, seem only to last 7 years. As someone who’s lunatically overspent ever since I was born, growing worse and more debt-ridden ever since, I’m sorely tempted. But the apparent immorality of it keeps holding me back. To what extent is it a viable alternative? Are we hoi polloi suckers for not using it more? I mean, rich people use it mercilessly all the time!