Washed up actors crying about Trump and Electoral College

[OriZ 3,157]

You really need to stop bringing up his intelligence like this. It only makes him look smarter, and you... Not so.

Bankruptcy is a smart move the majority of the time.

http://www.huffingtonpost.com/steve-rhode/here-is-exactly-why-peopl_b_7695826.html

And here is but a very short list of some names you may recognize who have also filed, some multiple times:

Abraham Lincoln - 16th president of the Unites States- twice filed bankruptcy

Ulysses S. Grant - 18th president of the United States

Thomas Jefferson - founding father, author of the Declaration of Independence, 3rd president of the United States

William McKinley - 25th president of the United States

Dave Ramsey - self-professed get out of debt guru

Walt Disney - as in Mickey Mouse and Disneyland

Rembrandt Haremenszoon Van Rijn - Dutch painter

P.T. Barnum - filed for bankruptcy in 1871

Mark Twain - American author

Oscar Wilde - playwright

Henry John Heinz - condiment manufacturer famous for Heinz ketchup (my personal favorite)

Milton Hershey - founder of Hershey's chocolate

Henry Ford - automobile manufacturer

J.C. Penney - founder of the department store chain

Mickey Rooney - actor

Debbie Reynolds - movie actress and hotel/casino owner

Johnny Unitas - NFL Hall of Fame quarterback

Dorothy Hamill - figure skater, Olympian

Bjorn Borg - tennis star

Jerry Lee Lewis - rock and roll star

Burt Reynolds - shortly after his divorce from Loni Anderson

Sherman Hemsley - aka George Jefferson of The Jeffersons sitcom

Gary Busey - actor

Nicholas Cage - actor

Octomom Nadya Suleman - famous procreator

Kim Basinger - actress, former wife of Alec Baldwin

MC Hammer - entertainer, musician, dancer (Hammer Time)

Willie Nelson - country music legend

Larry King - talk show host

Donald Trump - filed two separate Chapter 11 for his hotels/casinos

Mike Tyson - boxer, filed Chapter 11

Joe Lewis - boxer

Warren Sap - NFL football player

Terrell Owens - NFL football player

Leon Spinks - boxer

Stephen Baldwin - actor

Jose Conseco - MLB baseball player

Janice Dickinson, self proclaimed "first supermodel"

Vince Neil - lead singer of Motley Crue

Donna D'Errico, former Baywatch babe and ex-wife of Nikki Sixx of "Motley Crue"

George McGovern - former presidential candidate

John Conally - Texas governor who was injured while riding with President John F. Kennedy at the time of his assignation

So you were in favor of the Obama bailouts that prevented the auto industry from collapsing, banks from going broke and people from losing their homes?

You know, in a way bankruptcy is kind of like what some anti-abortionists call a 'crutch' to get out of accepting your lifestyle and taking responsibility for your actions. There are even serial bankrupters too.

You won't see it that way of course. But it's a little ridiculous telling a poster they are an idiot simply because they have strong moral principles that involve taking responsibility for their financial decisions.

Well, respectfully, I disagree with all 3 of you

In regards to famous individuals that have filed bankruptcies; You can't really compare business related bankruptcies and personal ones. Most of the people on the list had to deal with personal bankruptcies which might not be fine with Val but they are fine with me. Alot of people end up in that situation sometimes, hell I even almost did once(it was a long time ago back in Israel and luckily I was saved by a friend who trusted me with 25K, and got it back with dividends). Even though I didn't end up going through with it, the whole experience definitely made me alot stronger, smarter and better just as I'm sure it was the same for alot of those people. So I think for some it can end up being a very important process and to me it's more than getting out of paying debt; It's the opportunity to make certain sacrifices in order to get a second chance. Business bankruptcies = zero personal accountability.

However that said, you also cannot compare it to abortions. Abortions are a personal decision someone makes in their own life; When it comes to a business decision and again I'm not necessarily condoning it - if he didn't file for bankruptcy he was basically going to put himself in a disadvantage against other business people. If the law allows you to do something you bet most would take advantage of it, whether it is moral or ethical to some or not. Knowing that alone could be the reason for you to do it as well, otherwise you are knowingly giving others the edge over you.

As far as the bailouts go - to me bailouts are the exact opposite of bankruptcy so again not sure about the comparison. I was always against bailouts btw, I was against them then, I am now, and will be in the future. I think they should have just let them go bankrupt, but they didn't, instead they bailed them out.

Edited December 21, 2016 by OriZ

[JayJayH 546]

Well, respectfully, I disagree with all 3 of you

In regards to famous individuals that have filed bankruptcies; You can't really compare business related bankruptcies and personal ones. Most of the people on the list had to deal with personal bankruptcies which might not be fine with Val but they are fine with me. Alot of people end up in that situation sometimes, hell I even almost did once(it was a long time ago back in Israel and luckily I was saved by a friend who trusted me with 25K, and got it back with dividends). Even though I didn't end up going through with it, the whole experience definitely made me alot stronger, smarter and better just as I'm sure it was the same for alot of those people. So I think for some it can end up being a very important process and to me it's more than getting out of paying debt; It's the opportunity to make certain sacrifices in order to get a second chance. Business bankruptcies = zero personal accountability.

However that said, you also cannot compare it to abortions. Abortions are a personal decision someone makes in their own life; When it comes to a business decision and again I'm not necessarily condoning it - if he didn't file for bankruptcy he was basically going to put himself in a disadvantage against other business people. If the law allows you to do something you bet most would take advantage of it, whether it is moral or ethical to some or not. Knowing that alone could be the reason for you to do it as well, otherwise you are knowingly giving others the edge over you.

As far as the bailouts go - to me bailouts are the exact opposite of bankruptcy so again not sure about the comparison. I was always against bailouts btw, I was against them then, I am now, and will be in the future. I think they should have just let them go bankrupt, but they didn't, instead they bailed them out.

Well said on bankruptcies.

As for bailouts, I do think there is an argument to be made that some banks are too big to fail. Access to credit is what makes this world go round. Wells Fargo goes bankrupt, Joe Schmo can't get a loan for a new Ford. Joe Schmo can't afford a new Ford, dealership in Kansas goes bankrupt. Dealership in Kansas goes bankrupt, Joe Car Salesman is unemployed, and Ford factory in Michigan is forced to lay Joe Whatever off. Joe Car Salesman and Joe Whatever lose their jobs, they can't afford iPhones and plumbers. So Joe the Plumber and Joe Apple Store lose their jobs. Who's going to pay Joe the Plumber's mortgage and Joe Apple Store's rent? So Chase loses money.

Etc.

Edited December 21, 2016 by JayJayH

[OriZ 3,157]

Well said on bankruptcies.

As for bailouts, I do think there is an argument to be made that some banks are too big to fail. Access to credit is what makes this world go round. Wells Fargo goes bankrupt, Joe Schmo can't get a loan for a new Ford. Joe Schmo can't afford a new Ford, dealership in Kansas goes bankrupt. Dealership in Kansas goes bankrupt, Joe Car Salesman is unemployed, and Ford factory in Michigan is forced to lay Joe Whatever off. Joe Car Salesman and Joe Whatever lose their jobs, they can't afford iPhones and plumbers. So Joe the Plumber and Joe Apple Store lose their jobs. Who's going to pay Joe the Plumber's mortgage and Joe Apple Store's rent? So Chase loses money.

Etc.

This may come across as heartless but my response to that would be 'oh well'. Of course there is a much longer explanation than that but that's for a different day.

[Voice of Reason 10,298]

Not sure what you are trying to say here? Do you really think that serial bankruptcy is a problem?

Serial bankruptcy filers will learn that their protection from creditors will now last only 30 days, if the debtor had previously filed for a (dismissed) bankruptcy within the preceding 12 months. Even better, there will be no bankruptcy allowed (and no protection at all from creditors) if the debtor had more than one previously dismissed bankruptcy within the preceding 12 months.

Prohibitions on Refiling:

While the specific definition of serial filing may be slightly amorphous, the Bankruptcy Code does address timing prohibitions on refiling. A debtor cannot obtain a Chapter 7 discharge if he has obtained a discharge in a prior Chapter 7 case filed within the past eight years or a Chapter 13 case filed within the past six years. The time periods are measured from the commencement of the bankruptcy cases. Additionally, the automatic stay is diluted in its impact and effect for serial filers. As such, the automatic stay will last for only 30 days if a debtor's bankruptcy case was pending in the prior year but was dismissed. The stay will not even exist if two or more cases were pending in the prior year but were dismissed.

and brother, i'm over here rofl with the no serial bankruptcies comment. you got your own shtick in your eye dude. accept it. make an omelet with them eggs on yer face

[smilesammich 10,727]

Not sure what you are trying to say here? Do you really think that serial bankruptcy is a problem?

Serial bankruptcy filers will learn that their protection from creditors will now last only 30 days, if the debtor had previously filed for a (dismissed) bankruptcy within the preceding 12 months. Even better, there will be no bankruptcy allowed (and no protection at all from creditors) if the debtor had more than one previously dismissed bankruptcy within the preceding 12 months.

Prohibitions on Refiling:

While the specific definition of serial filing may be slightly amorphous, the Bankruptcy Code does address timing prohibitions on refiling. A debtor cannot obtain a Chapter 7 discharge if he has obtained a discharge in a prior Chapter 7 case filed within the past eight years or a Chapter 13 case filed within the past six years. The time periods are measured from the commencement of the bankruptcy cases. Additionally, the automatic stay is diluted in its impact and effect for serial filers. As such, the automatic stay will last for only 30 days if a debtor's bankruptcy case was pending in the prior year but was dismissed. The stay will not even exist if two or more cases were pending in the prior year but were dismissed.

i don't have a problem with an individual that needs to file bankruptcy. if i personally ever had to file bankruptcy, i would do it with zero shame. douche canoes like trump spread their money out over various names/brands and one fails they allow another to absorb and let a license go. a personal bankruptcy only affects the filer, a business filing can cost jobs and affect hundreds of lives depending upon the size of the business/if it is absorbed or shut down, etc. i understand that trump/big business has a shaky relationship with ethics.

but if i personally ever had to file bankruptcy, i would do it with zero shame. same as collecting unemployment. i've had one opportunity to go on unemployment in my life and i took a bs job just to stay employed. i cheated myself out of benefits i'd been paying into for years. i would have made more money on the unemployment but i was more concerned with being employed.

[Voice of Reason 10,298]

I had a friend quite a few years back that applied for and received unemployment. And she was actively looking for a job, well within the bounds that the government allows, so not trying to be a freeloader or anything. I was there when she opened the envelope that contained her first bi-monthly check. Tears sprung to her face as she looked at it. I thought she was overwhelmed because she could now buy food for her kids. Instead, she looked at me and asked, "How can I buy food when this won't even cover the rent?" Yeah, it was less than paltry. Luckily, she got a job very soon after and never really had to depend on the subsistence.

but if i personally ever had to file bankruptcy, i would do it with zero shame. same as collecting unemployment. i've had one opportunity to go on unemployment in my life and i took a bs job just to stay employed. i cheated myself out of benefits i'd been paying into for years. i would have made more money on the unemployment but i was more concerned with being employed.

[smilesammich 10,727]

I had a friend quite a few years back that applied for and received unemployment. And she was actively looking for a job, well within the bounds that the government allows, so not trying to be a freeloader or anything. I was there when she opened the envelope that contained her first bi-monthly check. Tears sprung to her face as she looked at it. I thought she was overwhelmed because she could now buy food for her kids. Instead, she looked at me and asked, "How can I buy food when this won't even cover the rent?" Yeah, it was less than paltry. Luckily, she got a job very soon after and never really had to depend on the subsistence.

for me it was just a matter of being naive. the job i ended up taking was about six dollars an hour less then what i would have pulled in unemployment. and i paid into that unemployment for seven years soo it was really just a very stupid move on my part. i was sort of afraid if i stopped working i'd end up with a gap in my resume that would make future employment difficult.. valid fear.

[The Nature Boy 7,659]

for me it was just a matter of being naive. the job i ended up taking was about six dollars an hour less then what i would have pulled in unemployment. and i paid into that unemployment for seven years soo it was really just a very stupid move on my part. i was sort of afraid if i stopped working i'd end up with a gap in my resume that would make future employment difficult.. valid fear.

I took unemployment when I did not work for over two years. I paid all those years

I don't think a gap will kill you. I did not work for over 2 years, and got hired the first place I applied.

What use to make me throw a Resume in the garbage can was 8 jobs in 10 years and never staying anywhere more than a year.

[smilesammich 10,727]

I took unemployment when I did not work for over two years. I paid all those years

I don't think a gap will kill you. I did not work for over 2 years, and got hired the first place I applied.

What use to make me throw a Resume in the garbage can was 8 jobs in 10 years and never staying anywhere more than a year.

well that was like 16 years ago. too late now.

[Póg mo 1,749]

You really need to stop bringing up his intelligence like this. It only makes him look smarter, and you... Not so.

Bankruptcy is a smart move the majority of the time.

http://www.huffingtonpost.com/steve-rhode/here-is-exactly-why-peopl_b_7695826.html

And here is but a very short list of some names you may recognize who have also filed, some multiple times:

Abraham Lincoln - 16th president of the Unites States- twice filed bankruptcy

Ulysses S. Grant - 18th president of the United States

Thomas Jefferson - founding father, author of the Declaration of Independence, 3rd president of the United States

William McKinley - 25th president of the United States

Dave Ramsey - self-professed get out of debt guru

Walt Disney - as in Mickey Mouse and Disneyland

Rembrandt Haremenszoon Van Rijn - Dutch painter

P.T. Barnum - filed for bankruptcy in 1871

Mark Twain - American author

Oscar Wilde - playwright

Henry John Heinz - condiment manufacturer famous for Heinz ketchup (my personal favorite)

Milton Hershey - founder of Hershey's chocolate

Henry Ford - automobile manufacturer

J.C. Penney - founder of the department store chain

Mickey Rooney - actor

Debbie Reynolds - movie actress and hotel/casino owner

Johnny Unitas - NFL Hall of Fame quarterback

Dorothy Hamill - figure skater, Olympian

Bjorn Borg - tennis star

Jerry Lee Lewis - rock and roll star

Burt Reynolds - shortly after his divorce from Loni Anderson

Sherman Hemsley - aka George Jefferson of The Jeffersons sitcom

Gary Busey - actor

Nicholas Cage - actor

Octomom Nadya Suleman - famous procreator

Kim Basinger - actress, former wife of Alec Baldwin

MC Hammer - entertainer, musician, dancer (Hammer Time)

Willie Nelson - country music legend

Larry King - talk show host

Donald Trump - filed two separate Chapter 11 for his hotels/casinos

Mike Tyson - boxer, filed Chapter 11

Joe Lewis - boxer

Warren Sap - NFL football player

Terrell Owens - NFL football player

Leon Spinks - boxer

Stephen Baldwin - actor

Jose Conseco - MLB baseball player

Janice Dickinson, self proclaimed "first supermodel"

Vince Neil - lead singer of Motley Crue

Donna D'Errico, former Baywatch babe and ex-wife of Nikki Sixx of "Motley Crue"

George McGovern - former presidential candidate

John Conally - Texas governor who was injured while riding with President John F. Kennedy at the time of his assignation

Except for students, who Republicans believe should be forced to pay back every last red cent, with interest. Funny how that is.

[OriZ 3,157]

What use to make me throw a Resume in the garbage can was 8 jobs in 10 years and never staying anywhere more than a year.

That's a huge issue for sure.

[Amica Nostra 4,803]

I took unemployment when I did not work for over two years. I paid all those years

I don't think a gap will kill you. I did not work for over 2 years, and got hired the first place I applied.

What use to make me throw a Resume in the garbage can was 8 jobs in 10 years and never staying anywhere more than a year.

I assume you never worked in technology

[The Nature Boy 7,659]

I assume you never worked in technology

Yes I was a Network manager for three years. I kept going into the Plant and fixing production issues, so they made me plant Manager.

I am very proficient at administering Windows NT and Novell networks

[Voice of Reason 10,298]

I think you mean banks. Republicans don't hand out student loans, last I checked.

Except for students, who Republicans believe should be forced to pay back every last red cent, with interest. Funny how that is.

[TBoneTX 43,069]

I am very proficient at administering Windows NT and Novell networks

A man goes into a pet shop to buy a parrot. The proprietor points to three identical-looking parrots on a perch and says, "The parrot on the left costs $500."

"Why does the parrot cost so much?" asks the first man.

The owner says, "Well, the parrot knows how to use a computer."

The man then asks about the second parrot. He is told that this one costs $1,000 because it can do everything the first parrot can do and also knows how to use the UNIX operating system. Naturally, the increasingly startled man asks about the third parrot, and he is told that it costs $2,000. The customer asks, "What can that parrot do?"

The owner replies, "To be honest, I have never seen that one do a thing, but the other two call him 'Boss'!"