[lbo-talk] Re: frontiers of financial innovation (?)

Wojtek Sokolowski sokol at jhu.edu
Wed Jan 19 11:03:20 PST 2005


Jordan:
> It also COMPLETELY UNDOES the cancellation of "interest for personal
> debt" being tax advantaged: businesses write off 100% of interest paid,

But on the other hand, it swaps an unsecured debt into a secured one, which makes all the difference in the world if you consider filing for Chapter 7 bankruptcy protection.

Wojtek



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