I think everyone should go bankrupt to clean the slate in this new economy and live debt-free from now on. Pay for everything in CASH and never finance anything. My friend pay his house off in 3-1/2 years. He drove the same car from high school and never got into any debt. He pays off brand new cars in full and still lives in the same house mortgage free after 20 years now.
Only 100,000 people file bankruptcy? Man, you people must have an awesome economy to pull that off while the US is cranking out over 1,000,000 bankruptcies per year.
Well Canada's population is about a tenth of the US, so the math is still proportional.
However, in Canada people don't go bankrupt due to overwhelming medical bills as happens in the US, since in Canada healthcare is subsidized by the Government.
I think everyone should go bankrupt to clean the slate in this new economy and live debt-free from now on. Pay for everything in CASH and never finance anything. My friend pay his house off in 3-1/2 years. He drove the same car from high school and never got into any debt. He pays off brand new cars in full and still lives in the same house mortgage free after 20 years now.
z28com 3 years ago
Only 100,000 people file bankruptcy? Man, you people must have an awesome economy to pull that off while the US is cranking out over 1,000,000 bankruptcies per year.
z28com 3 years ago
Well Canada's population is about a tenth of the US, so the math is still proportional.
However, in Canada people don't go bankrupt due to overwhelming medical bills as happens in the US, since in Canada healthcare is subsidized by the Government.
Onemmt 3 years ago