I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out. (Eli Broad)

I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.

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bankruptcy debt enterprise loan now owner think work things homeowner securitization

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God is nearer to us than any man at every time. He is nearer to me than my raiment, nearer than the air or light, nearer than my wife, father, mother, daughter, son, or friend. I live in Him, soul and body. I breathe in Him, think in Him, feel, consider, intend, speak, undertake, work in Him.

John of Kronstadt

Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.

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Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts.

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Europe in its infinite wisdom decided to deal with this bankruptcy by loading the largest loan in human history on the weakest of shoulders ... What we've been having ever since is a kind of fiscal waterboarding that has turned this nation into a debt colony.

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I always was one who didn't take things for granted. But I think I do appreciate things more now. The small moments of joy that we find each day are so much more precious now than when I looked at them before.

Chris LeDoux