Comments on: Someone Who Faked His Own Death to Escape Debt

By: The Friday Gathering for 12/21/2007 | Gather Little By Little

The Friday Gathering for 12/21/2007 | Gather Little By Little — Fri, 21 Dec 2007 18:35:21 +0000

[...] Away Debt – Someone Who Faked His Own Death to Escape Debt addthis_url = [...]

By: fathersez

fathersez — Wed, 12 Dec 2007 11:43:11 +0000

This is sad.

Sometimes, these guys may have borrowed from “outside the system” and pay rates like 3% per month and stuff like that.

I don’t know the whole story. Greed may have played a part. Financial iliteracy may have played a part.

But what a way to try to solve a problem.

By: Mrs. Micah

Mrs. Micah — Tue, 11 Dec 2007 15:28:36 +0000

That’s very sad. I know that all my debt problems would go away if Micah died (of course I’ve have other major problems like not having him…he’s worth everything to me!!!). But fortunately, he hasn’t threatened suicide or considered faking is own death.

I can see how we might think of doing that in order to get out of the debt, but it’s just not right on so many levels.

By: Fellowes

Fellowes — Tue, 11 Dec 2007 14:34:50 +0000

As the movie ‘Maxed Out’ makes clear, people often do not fake their own deaths in order to avoid debt. Suicide is quite common among people with very high and overwhelming debts.

By: Lucy Lastic

Lucy Lastic — Tue, 11 Dec 2007 11:08:23 +0000

I’m not sure if the story in question didn’t have more to do with greed than debt. He seemed to think that downsizing was more extreme than faking death, and his wife just went along with him when she found out, allowing him to escape through a hole behind a wardrobe into their second property next door whenever anyone came round (including their sons, who knew nothing other than that their father had died, alone and in horrible circumstances). I think most people would sell the second property and even the first before ever considering putting their sons through what theirs are going through. At the end of the day, I think I’d rather live in a tent and still be called ‘mum’. It’s all very sad.

By: Nine Circles

Nine Circles — Tue, 11 Dec 2007 06:29:13 +0000

It’s sadder still that now that his sons have found out what he did, they want nothing to do with him.

By: FinanceAndFat

FinanceAndFat — Tue, 11 Dec 2007 03:55:39 +0000

Now why didn’t I think of that…

Okay, that is actually quite sad. I can understand the feeling though. It’s not easy living with large debts. If I was in deeper or made less money I really have no clue what I would do.