August 21, 2010 at 7:00 pm in INFORUM
Two months ago, I wrote a column seeking reader feedback on this question:
Is there value in us publishing bankruptcy filings?
Tags: bankruptcies, columns, Matthew Von Pinnon, Opinion, the forum 10 Comments »
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Bankruptcy proceedings are legal court actions. It’s no different then anything other public information. If you make the debt, you should be expected to pay it. For those that don’t want their names in the paper, I suggest you show some backbone and keep your credit record clear. I have no sympathy for people who think they aren’t responsible for their financial problems.
Poorly-rated. Like or Dislike: 22 39
Von Pinnon is going to do what sells papers. That is what the Inforum does. He does not care truly about your opinion. What sells papers people ask? Other people’s misery or bad fortunes. While I do not agree with people that go into debt why kick them when they are already down. That is the point. Oh and before everyone ask or assumes that I am a person that files for bankruptcy – no I am not – In fact I have a credit score of 825 and the highest you can get is 850. The issue with it being a court proceeding is that there is too much disclosed any more. There is times when court proceedings being open do not help the public but actually hurts it.
Hot debate. What do you think? 21 9
German Shepherd – hope you never fall off that high horse of yours. There is absolutely no good reason to publish this information except to humiliate. No one is happy about having to go bankrupt. Sometimes life happens and people have no choice. Many successful people have gone bankrupt and then made a comeback. People who slam others for their hardship are ignorant and self-righteous. Unfortunately, too many people are entertained by others’ pain. That’s why they read the notices. If there is some burning reason people need this information they can go look it up…it doesn’t need to be published for the morbid entertainment of idiots. There is a lot of public information that is not published. This should include bankruptcy.
Hot debate. What do you think? 23 11
SB, I have no intention on ever falling off that horse. Chance favors those who are prepared. I have adequate medical insurance and never made a loan that I ever worried about not being able to pay off.
I know my cash flow and made certain I had far more then necessary to make the payments. I see no reason why the rest of us should be expected to pick up for someone else’s bad judgment.
Like or Dislike: 6 12
I love the letter by John Salter of Moorhead who stated that the man who committed suicide thanks To Mr. Von Pinnon rejecting his plea; Mr Salter divines that the person probably had other problems as well. Maybe he did, maybe he didn’t, Salter doesn’t know and neither do I. Publishing bankruptcies was perhaps useful before everyone got computers, but now that businesses have computers they have access to public records and can run credit reports on individuals who wish to obtain credit. I think it is long past time to do away with them being published in the Forum. 1 suicide is 1 too many. Stop before someone else feels the need to end their life.
Hot debate. What do you think? 21 10
Someone once explained to me the incredible value to the country as a whole of the bankrupcy laws. This is one of the key enablers of the small business creation. If you start a business and fail, you don’t go to debtor’s prison. If there wasn’t a way to eliminate debt, there would be much fewer willing to take the risk to start a new business and the overall economy would be much smaller than it is today.
Like or Dislike: 14 6
This country is becoming one where no one has to be responsible for their mistakes. We all end up paying for someones bankrupcy, in higher prices and taxes. If I have to pay for it, I think that a “little humilation” is far from the price that someone should have to pay. I also know several people personally who have declared bankrupcy and everyone one of them was living above their means. While I was out working my 2nd or 3rd job, these people were going to their lake home or buying their new boat or car or taking off on vacation.
Like or Dislike: 7 10
I once knew a man who loaned money to another man to pay for an attorney to handle his bankruptcy. The borrower then named the lender in his bankruptcy and the loan was discharged! How about a few kind words for those who lose money owed to them in bankruptcy. How many bankrupcties are the result of other bankrupcties?
Like or Dislike: 2 2
There is no public service that results from the publishing of bankruptcy proceedings and other court hearings such as speeding tickets. This isn’t something you will find in newspapers in other parts of the country. But in ND there are a lot of nosey people who like to gossip about other people so they feel it is important to have this “news” in the papers. Also divorces, etc. It gives the old ladies and germ shepard something to talk about when they are soaking their dentures.
Like or Dislike: 4 2
German Shepherd: No one “intends” to fall; no one includes bankruptcy in his/her financial planning. Be careful when you take all the credit for your good fortune and well-laid plans. Lady luck doesn’t like it when you take all the credit. Sometimes people get blindsided in life. Accidents, illness, loss of a business, and an endless list of tragedies, including bad luck. How dare you jump to the conclusion that bankruptcy is always due to bad planning and irresponsibility. And it’s only going to get worse in this economy. Publishing the misfortune of others diminishes all of us. Those who publish it, those who gossip about it, and those who suffer because of it. It’s a DIS-service to the community.
Like or Dislike: 3 1
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