Re: Bankruptcy Stats

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Blue,

Little trivia question for you. Without looking, guess what the
CEO of Capital One made in 2005 in total compensation......same
year he was pushing for bankruptcy reform.

On 4/09/06, Mr. Blue wrote:
> On 4/09/06, Guru wrote:
>> There will be more credit issued in short term and long term,
>> since the cost of doing so will go down due to the reduced
>> costs of bankruptcy discharges. The biggest boom in
>> bankruptcy will occur roughly eight years after Oct. 17,
>> 2005. Do you know why?
>
> Very interesting observation; I hadn't thought of that. I don't
> know much about bankruptcy, but I assume that that's when
everyone
> who filed in 2005 can file for yet another bankruptcy?
>
> As a solo, it implies that it might be a good business decision
to
> gear up to do bankruptcy a year or two bfore 2013.