Homeless Executive Lives Off of Rewards Points

Good to know re: the Trustee and miles.
Good pre Bankruptcy planning would seem to me to convert much of the non-exempt cash to miles.
Good idea?
 
The biggest problem with these old, laid-off executives is their self-imposed high standard of living, with attendant carrying costs. Mortgages, leases, credit card debt, home equity loans, and all the other debt they've built up over a comfortable living at 100,000+/year.


In times like these, it's good not to have those debts and legacy burdens. The lean survive.
 
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