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I do know someone who declared bankruptcy. He was in debt when I met him and he had declared bankruptcy 4 years prior. He made $7/hour and went out to clubs and paid $10 plus drinks and was on a payment plan with his landlord, and had to go to court for not paying his $60 a month of child support. I didn't talk to him after the child support thing for a while - moral issue. The last time I talked to him his car (he was leasing) had been reposessed, but his landlord died, so he could then afford to buy a used car by not having to pay his back rent.

Now he did have some problems, but really now, I had a hard time feeling sorry for him though he declared himself a "victim". One thing that always stuck out, in my mind, was that right before he declared bankruptcy he took a bunch of his friends to Las Vegas, stayed in fancy hotels, gambled away, and did the whole thing on credit cards.

Talk about working the system. He is a rather depressed person. He couldn't even see the ironic good luck and timing of the death of his landlord. ;)
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