>I'm guessing he probably didn't have a job, less than $1000 in the bank, and nothing other than a car to his name. How would they even collect anything from him?
Seriously?
...
If he has nothing, or barely anything going for himself while being millions into debt, is a serf for the rest of his days. A slave. That's fucking what he fucking realized. Every single dollar he's going to make in his life, bare vital minimum aside, is going to get confiscated to pay back his debt first, that's how it's going to be. Well, no longer now since he's dead, but you get the idea
Or he could just live the criminal life, separate from the state.
Yes
But given his "profile"... He would have needed to be in the criminal geekshit category, he didn't really have the shoulders to be a street thug
Bankruptcy. Tell them to send that shit to collections and don't answer.
It's very easy to make money under the table if they take your paycheques. I'm a highschool dropout and I make more than most of my friends make at all of my 'jobs'.
This year my mission is to pay as little tax as possible. Under 10k earned on paper. Will be easy, and I'll still make triple what the average wage slave in America makes.
quick better post your activities onto a known glownig forum
I don't care. Keep following their gay laws if you want.
...in Minecraft.
No taxation without representation.
Feel free to PM me on what you do.
Yeah well bragging about tax fraud here essentially isn't very smart
I hope for your own sake that you're smarter than that IRL
I don't need credit. I don't need possessions on paper. I have worse legal issues to worry about than tax fraud. I don't give a fuck.
Keep following their gay laws if you want.
This was unsecured debt. Robinhood would be laughed out of court if they tried to collect. And that's if this outrageous amount didn't make the news to begin with.
I feel for the parents, but this kid was probably depressed to begin with.
>His parents say an email from Robinhood, received the day after his death, clarified that trading restrictions had been lifted and the trade resolved.
>The lawsuit, filed in California state court, said the loss had been covered by other options in his account and accuses Robinhood's "misleading communications" of leading to "panic and confusion".
He clearly had no idea what was going on
He should have gone for chapter 7 that's a given
But then, it depends on his personal situation, there are cases in which you can't
Disadvantages of Chapter 7
A Chapter 7 bankruptcy can remain on your credit report for up to 10 years
You'll lose property that you own that is not exempt from sale by the bankruptcy trustee. You may lose some of your luxury possessions.
You'll lose all your credit cards
Bankruptcy will make it nearly impossible to get a mortgage if you don't already have one
Declaring bankruptcy now might make it harder to do later if something worse comes along. For instance, if you complete the bankruptcy process under Chapter 7, you can't file for another Chapter 7 bankruptcy for six years. The six years is counted from the date you last filed for bankruptcy.
Bankruptcy won't relieve you of your obligations to pay alimony and/or child support
Bankruptcy won't get rid of your student loan debt
You can't file for Chapter 7 bankruptcy if you previously went through bankruptcy proceedings under Chapter 7 or Chapter 13 within the last six years.
You may still be obligated to pay some of your debts, such as a mortgage lien, even after completing bankruptcy proceedings.
If you file for Chapter 7 relief, but you have a certain amount of disposable income, the bankruptcy court could convert your Chapter 7 case to a Chapter 13, thus changing your plan to be free from most debts within four to six months, to a plan requiring you to repay your debts over the course of three to five years.
...
He would have been unable to qualify for chapter 13 though, since it requires having less than $340000 of unsecured debt
Cant you claim to be bankrupt and wash your hands of it?
There are ways yeah, and laws differ from one country to the next
And there are also ways to get completely fucked, big time
Bullshit. He can file for bankruptcy or let it to go collections and pay pennies on the dollar.
It depends on the jurisdiction to begin with and it depends if he took the debt on his own name or the name of his company for instance
And even he files for bankruptcy, he gets bank fucked for the rest of his life, good luck with that
Not worth taking your own life imo, but still
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