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Land of Rugged Individualists, and Deadbeats

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November 18, 2008 – Comments (10)

Deadbeat Homeowners Flee to Texas, Tap Bankruptcy Laws to Dodge Creditors

``Texas is an extremely friendly place to live if you owe money and do not want to pay,'' said Marjorie Britt, a bankruptcy attorney with Britt & Catrett PC in Houston. ``If you have a lot of money and even more debt and want to shelter your assets, you can live fairly normally.''

Distressed borrowers can hang on to luxury cars, a primary residence, paychecks, retirement accounts, and even jewelry that creditors might claim elsewhere, Britt said.

10 Comments – Post Your Own

#1) On November 18, 2008 at 10:04 AM, LordZ wrote:

Interesting....

Could texas succeeed from the US..

 

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#2) On November 18, 2008 at 10:16 AM, TDRH (99.66) wrote:

On top of that there are no state income taxes.

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#3) On November 18, 2008 at 2:54 PM, saunafool (98.58) wrote:

LordZ,

I think Texas could succeed. They've got a lot of oil, natural gas, and a great ex-president to lead them.

I don't know if they could seceed, however without another civil war.

:-)

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#4) On November 18, 2008 at 2:57 PM, saunafool (98.58) wrote:

See, this is the problem with having Bush as president for 8 years. Everyone has terrible grammar now.

I recently had a very good friend stay at my place. They sent a thank you note. It said, "Thank you for your hospitality and generousness." It sounded just like something George Bush would say.

And these are people who have graduate degrees. 

In case you are similarly afflicted...generosity.

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#5) On November 18, 2008 at 3:08 PM, saunafool (98.58) wrote:

See, it's happening to me too.

"I recently had a very good friend stay at my place. They sent a thank you note."

Where did the plural come from?

I don't know. Maybe his wife who I didn't mention.

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#6) On November 18, 2008 at 3:32 PM, lollard (99.71) wrote:

  I've long been an advocate of selling Texas back to Mexico and Alaska back to Russia. For one thing, it would boost the national IQ into the mid-70's. 

 

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#7) On November 18, 2008 at 5:49 PM, anchak (99.84) wrote:

This was hilarious from sauna....its secede, incidentally!

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#8) On November 18, 2008 at 5:59 PM, leohaas (31.91) wrote:

If it weren't for the Constitution, indeed, Texas could secede...

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#9) On November 19, 2008 at 1:01 AM, jegr5347 (< 20) wrote:

Lived in Florida for 19 years before moving to Texas 2 years ago. If the US needs to get rid of something its Florida my friends, hands down.

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#10) On November 19, 2008 at 4:51 AM, DemonDoug (80.85) wrote:

jegr: I disagree.  Way too many hotties to just let that one go.

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