


Parasitic nature of music industry's big labels continues














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RE: Its not 105million..
By imaheadcase on 5/13/2011 1:22:10 PM , Rating: 2
Just to clarify my last comment. Most people live paycheck to paycheck. So if RIAA sues you for $10k. Most people just automatically go to bankrupt to end it.

RE: Its not 105million..
By joex444 on 5/13/2011 5:22:03 PM , Rating: 2
They've changed the bankruptcy laws to make this harder to do. I very much doubt you can declare bankruptcy over $10k. Even if you did, it probably ruins your credit to the point you're better off paying the debt.

RE: Its not 105million..
By Jalek on 5/14/2011 7:09:02 AM , Rating: 2
"Ruining your credit" is only an issue if you plan to get a mortgage or car loan in the next year or so. Credit scores and all that are made-up nonsense by banks. A year after a bankruptcy, you're considered a good risk since you can't file again for another five years but they'll still punish you with interest rates with that as the excuse.

Bankruptcy is where most people hit with large judgments end up, whether they want to or not. The attorneys just make sure they're first to get any available assets when that's all they can get.

Then ten years later, there's little to no indication of anything.

