Posted 1/14/2010 23:50 (#1023255 - in reply to #1022701) Subject: RE: Credit card debt
SW Saskatchewan
Is a lot like corporate bonds.
When it is time to settle up, its only worth what it is worth.
You get what the bonds are worth at bankruptcy, the holders of unsecured credit card debt are often glad to get 10 cents on the $---in bankruptcy the often get zilch.