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Do I know someone who doesn't have single penny to their name? Not sure about a single penny - how would I know? But I know plenty of people who not only own nothing but have whole bunch of debts.
They rent, have never ending car payments, and credit cards maxed up. Most of them have no health problems, just problems with their life style.
They borrow AND they are not worried about paying back. "Thank goodness for bankruptcy" , "This is America", and "Sue me, I have nothing" is their attitude. They want live their life to the fullest, and think that only fools work hard and pay back.
As long the system allows such behavior, people will take advantage of it.
I'm dealing with this situation for a relative who lived their entire adult life irresponsibly, then they got sick. No savings, no assets, hundreds of thousands in medical bills, over $40K in unpaid credit card & bank loans, utility bills, etc., etc. Their attitude is exactly what you describe. They consider themselves "judgement proof" as though it was a good thing! Their words of wisdom to me were "it's a good thing I kept my powder dry all this time so I can still file for bankruptcy"
I personally don't know anyone like this, but I don't feel anything is wrong with people who doesn't have a penny left behind when they die.
We were all born without bringing anything to this world. So, we have no right to take anything with us to the grave. Everything we possess in life is simply a borrowing. We borrow from one state and use it in another state of form. For example, we use our body to perform any kind of labor or service work in exchange for money, and we use the money to exchange for a mean of keeping us alive by having a shelter, clothes, foods, and water.
Is common these day to see life in a way that, oh by the time I die, I should have leave something behind for people surround me to take.
We can argue all day long about this, but the bottom line is, I am not surprise at all if people left nothing behind when they die. After all, we all came to this world nake and with nothing but the sound of crying for help.
I am not surprise at all if people left nothing behind when they die.
I can get the idea of having nothing of worth ("just an old car and $30 in a forgotten bank account")...
but the idea being presented here ...of having absolutely nothing and the implied idea of even
no history of owning anything ... is about ludicrous.
Status:
"I don't understand. But I don't care, so it works out."
(set 6 days ago)
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Quote:
Originally Posted by MrRational
I can get the idea of having nothing of worth ("just an old car and $30 in a forgotten bank account")...
but the idea being presented here ...of having absolutely nothing and the implied idea of even
no history of owning anything ... is about ludicrous.
It's not ridiculous if she never was treated as an adult.
If a 15 year old passes away, it's highly likely they'll have zero assets - no bank account, and only the personal items like clothing or a few electronics as possessions.
She was being treated like a child, and the OP doesn't give information as to why that was.
I'm confused about why this is so confusing.
This sister in law wasn't self-supporting. She had no job ever, and she lived with her mother who supported her completely.
Out of respect? Someone has to send out the death certificates and tell the bloodthirsty collection SOBs that they can go pound sand.
And someone would also have to arrange the sale of any assets dear old Dad had, such as a house and car, and see that the money from the sale goes to his creditors.
So far the people responding are talking about the people they know that are poor, NOT WITHOUT A PENNY TO THEIR NAME.
My sister in law had absolutely nothing when she died, not a single asset other than old clothes. NOTHING!
Do you know anyone over the age of 40 without a penny to their name?
The individuals I know have well earning jobs ($50K income and more) but never saved a dime and spend every dime they currently make. They have no savings, no home (lost two to foreclosure and currently rent), no owned vehicles (only leases), etc. IF they make it to retirement they will have only SS benefits on which to live. Two $50K incomes in a family is not wealthy but will provide a stable middle class lifestyle in Michigan. Another individual has been regularly employed in a semi-skilled position for decades yet has lived (rent free) in their parent's home for 55 of their 58 years, and as such doesn't even have a Utility Company history of bills and payments for credit references! Although they do have a bankruptcy history. Sad outcome after 40 years of adulthood.
I'm dealing with this situation for a relative who lived their entire adult life irresponsibly, then they got sick. No savings, no assets, hundreds of thousands in medical bills, over $40K in unpaid credit card & bank loans, utility bills, etc., etc. Their attitude is exactly what you describe. They consider themselves "judgement proof" as though it was a good thing! Their words of wisdom to me were "it's a good thing I kept my powder dry all this time so I can still file for bankruptcy"
These are the ones who should not have their debts discharged in bankruptcy.
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