I guess this is more of a rant then anything.
DH’s good friend told him that he is filing for bankruptcy "everything is wiped clean [credit card debt, probably close to $50k?]; just pay the lawyer $2k and we start over"
Ugh! and GRRRR!
DH’s friend is middle-aged, married (two income - more than us), no kids, lives in a twin-home, has beat up cars but they charge their vacations, and eat out all of the time. DH told me that on one of their motorcycle overnight trips that while DH ordered a $10-12 meal, his friend would order steak & lobster.
(And he just bought a $900 specialized motorcycle GPS - that he can’t figure out how to use!)
What would be the biggest 2 or 3 downfalls that I could have DH tell his friend about bankruptcy?
(edit: for discussion of bankruptcy, not of my feelings.)