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The
Below Comments Relate to this Newslink:
SC: It’s the right, not the gun
Submitted by:
Mark A. Taff
Website: http://www.marktaff.com
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This week the Senate Judiciary Committee passed a bill that would allow individuals filing for bankruptcy to keep up to three guns worth up to $3,000 total.
In South Carolina, bankruptcy filers are allowed to keep a home, car, tools of a trade, and so on, up to a certain value. While a case can be made for some kinds of exceptions, the purpose of the bankruptcy process is for the debtor to pay whatever reasonably can be paid toward debts that exceed assets, and then start over with the bare necessities.
Sounds good, right? The creditor gets the short end of the stick, but you can’t get blood out of a turnip, and the turnip, to bend a phrase, will have a much harder time starting over without work or shelter. |
| Comment by:
PHORTO
(5/6/2017)
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If one is honest, one cannot argue with that treatise.
As painful as it may be, it is spot on. |
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