I have been boarded and scuttled by the pirates of Banko Merricka. Yes the blood-thirsty buccaneers have won their lawsuit against me and forced me into a Chapter 13 bankruptcy. You see, they ambushed me. When I was undergoing a debt reduction plan, the evil banker buccaneers of Banko Merricka not only refused to answer all calls from my lawyer, they quietly sold my debt to their ruthless debt collecting assassins, who waited until I had paid off all my other creditors, and then launched a lawsuit against me. They normally get away with this kind of ambush because people in general don’t know how to respond. I hired a lawyer and fought back. I would’ve been able to pay a settlement if it had occurred when I wasn’t dealing with a big financial hit from the city over the derelict swimming pool.
My Banko Merricka debt was boosted by a couple thousand dollars due to their court fees which I must also pay. It is a very expensive process for the average American to become bankrupt and poor. The kind of bankruptcy I will undergo bundles all my unpaid unsecured credit card debt into one huge pile and then, supervised by an account manager, I will pay it off in manageable chunks for the next five years. It wipes out all my credit accounts except car payments and reduces my ability to secure loans to zero. The pirates have won.
But I am not despairing. I haven’t been able to afford medicine and going to the doctor since I retired, so I will probably not live to pay it all off anyway. And money is not the focus of my life. The people who care about money more than life itself do not lead happier lives than I do. If we lose our house and have to move to an apartment, we can do that. If I have to get by on less each month, well, I’ve done that before. Money worries will not be the cause of my heart attack or stroke. And who knows, if I eat enough spinach, maybe there is super-power to fight back with in my future. Pirates don’t win every battle.