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Reply #98: Just a thought...confiscate your home, car, retirement account - [View All]

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54anickel

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-21-05 12:12 PM
Response to Reply #94

98. Just a thought...confiscate your home, car, retirement account -

New bankruptcy bill...Say you can't swing the payments anymore - could there be a gov't program the buys the house from you, yet lets you live there for say a lower payment - sort of like a reverse mortgage. Maybe the same with your car. They won't call if confiscation - that's too ugly. Some benign sounding program to get worthless $ in your hand so you'll spend them.

I dunno - just a thought. :shrug:

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