Thread: US Bank Collapse?
View Single Post
Old 09-17-2008, 12:00 PM   #71 (permalink)
Brutha
Moderator
 
Join Date: Nov 2006
Location: Berlin, Germany
Posts: 4,985
Brutha is on a distinguished road
Default
Quote:
I wonder if this means my Providian credit card debt will be wiped out? If so, this might be fantastic news for me and anyone else with Providian credit card debt. If Capital One also goes bankrupt I might end up debt-free.
I don't think so. Another company will probably be able to buy that obligation in the insolvency proceedings.
__________________
I am always open for feedback on my posts. If your feedback would go offtopic feel free to send me a Personal Message.

My posts generally don't contain medical or legal advice, if you have a problem seek the opinion of an expert

Talking about this in terms of “bad news” or “bad judgment by business leaders” seems archaic. It’s like describing World War One as “a serious diplomatic concern.”
Bruce Sterling about the financial crisis.
Brutha is online now   Reply With Quote