~ Moderator Note ~

A gentle reminder to attack the idea and not the poster (per FT ToS).

I had to edit a post because of a personal remark aimed at OP.

I see that this thread has shown that posters have a strong opinion on bankruptcy and living beyond one's means.

And while it hasn't been stated, I feel that when banks and creditors write off bad debt, they pass the savings on to us .... and before someone jumps in, I think you know what I mean by passing on the savings.

Again, lets remember to not make it personal.

Mod hat off:

I am almost starting to feel bad for OP with everyone piling on.