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Forum Post: Debt Jubilee

Posted 12 years ago on Nov. 12, 2011, 2:30 p.m. EST by nickhowdy (1104)
This content is user submitted and not an official statement

Debt Jubilee to restart the economy..Yes the 1% who hold this debt as an asset would lose that "asset" for the greater good of humanity.




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[-] 2 points by GMLaw (2) 11 years ago

I don't understand why the banks have done such a good job making living breathing individuals filing bankruptcy seem like sin incarnate. We all have the right to a debt jubilee in the bankruptcy code once every 8 years. Bankruptcy is a right not a gift. Bankruptcy is not just for GM to shed $500B of unsecurd debt and American Airlines for God knows how much ...it's for everybody. For those of you in debt, find urself a good bankrupcty attorney, if you can't afford go to legal aid and file. Don't listen to the scare tactics to prevent you from filing. Btw, it gets rid of everything other than student loans and domestic support obligation. If you owe taxes and it's old enough usually more than 4 years generally, you can get rid of taxes as well. Fina an attorney that knows what they are doing and shed the debt in its entirety and move on with your lives... It's your right.

[-] 1 points by shadz66 (19985) 12 years ago

In 'The Old Testament', there was a Jubilee ... every 50 years, when festivities, carnivals and much merriment & celebrations, would ensue at the Cancellation Of Debts to Prevent Generational Debt-Bondage !!

Hmmm ...

Now there's a thought ..

fiat lux .

[-] 2 points by nickhowdy (1104) 12 years ago

What a party that would be!

[-] 0 points by alouis (1511) from New York, NY 12 years ago

Your link doesn't go anywhere useful. Here's another.


[-] 1 points by nickhowdy (1104) 12 years ago

Let me try again, neither one worked!

[-] 1 points by nickhowdy (1104) 12 years ago

There you go..