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Originally posted by The Hunter of Jahanna:
Here in the U.S. , Indemaijinj , we can declare "bankruptcy" to avoid huge debts. Basicaly you go to court and the courts erase your debt but then you cant get any credit for the next 7 years. With that in effect even if the RIAA wins 20 million from me , I can just go to another court the next day and have the debt stricken off my records. It will kill my credit, but the RIAA will have spent all that money on lawyers for nothing.
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Strangely enough, I've been told bankruptcy protection is a necessary evil in a healthy economy. Unfortunately, it also contibutes to things like inflation. Which means that everyone pays for bankruptcy in the end. If financial institutions were allowed to put people in inescapable debt with no out, the consumer goods economy would probably slow to a crawl. Which is just as bad.
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Master Barbsman and wielder of the razor wit!<br /><br />There are dark angels among us. They present themselves in shining raiment but there is, in their hearts, the blackness of the abyss.
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