Article in on new debt settlement scheme.
It is the banks having their cake and eating it. This will not help many.
On one of the radio shows yesterday they mentioned that the reason the government has not brought in a proper bankrupcty system is that the banks have the ear of the government and they, the banks don't want it reformed, so they must be very scared of what is on their books. So it is the banks that are stopping the new legislation. And as the new governement has no new ideas and are only continuing what went on before why would anyone be surprised that we are not a democracy but that the country is run by vested interests. Banks, regulators and governement all well paid, no cuts, fat cat pensions and 'pretend' salary caps.
Article in on new debt settlement scheme.
Who thought up that pile of Sh1te. It solves nothing. I give you my house, and then pay off the arrears, whilst trying to keep a roof over my head by renting elsewhere. How does that get anyone out of the mire.
Steve
A UK bankruptcy would be far more advantageous in that example.
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