Walk Away or Not Walk Away, That Is The Question

by ritasimpson on February 16, 2012

in Money Talk

There’s a moral component to that decision, of course. People naturally feel embarrassed about breaking a contract and not paying their bills; no one wants to be branded a deadbeat. But remember that companies default on their obligations when it makes financial sense for them to do so, via the bankruptcy process. Even theĀ Mortgage Bankers AssociationĀ itself, in a flourish of irony, arranged for a short sale of its Washington headquarters. Here are the thoughts out there.

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