[lbo-talk] Debt

Doug Henwood dhenwood at panix.com
Thu May 3 07:44:11 PDT 2012


On May 3, 2012, at 10:26 AM, Wojtek S wrote:


> "Cannot be cancelled by death" is absurd on its face - how
> is a dead person supposed to pay off his/her debt?

In Japan, during the 1980s bubble, there were "two-generation" mortgages, in which children inherited the debts of their parents.

Doug



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