Tuesday, 24 June 2014

$120 bankruptcy filing fee killed by Greens

In an utterly stupendous show of Lieberal social engineering, it has come to light in their budgetary shenanigans that they decided that the dept that looked after applications for bankruptcy, should fund itself; ie they introduced charges. Quite a substantial charge of $120 in fact.

Yes, they introduced a $120 charge to declare bankruptcy. 

Or to put it another way, to declare bankruptcy you have to tell the gov. You have to pay the gov to tell them.

So, as is mentioned in the video, being as you're bankrupt, how in the fuck do you get $120 to say so? Charge it on the credit card? So what will the bank say about that then? Possibly that you defrauded them because in paying to declare bankruptcy you knew you'd never be able to pay that fee back.

This a very representative portrayal of people who face bankruptcy and who finally make the decision to do so as a last resort. Bankruptcy in most cases isn't caused by some sort of character inadequacy, but loss of income. 

  

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