Hierarchy of Debt Repayment

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PM2353
Posts: 85
Joined: Wed Jan 09, 2013 12:33 pm

Hierarchy of Debt Repayment

Postby PM2353 » Tue Apr 02, 2013 9:24 am

I don't know if this has been discussed or is an obvious topic but I was curious to see how TLS would rank which Legal positions were best for debt repayment.

For argument sake, lets assume 150k in debt. Any rough idea what's best and worst positions to repay huge debt.

Big Law -- Government etc etc--> living in parents basement

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RELIC
Posts: 216
Joined: Thu Mar 28, 2013 11:00 pm

Re: Hierarchy of Debt Repayment

Postby RELIC » Wed Apr 03, 2013 4:00 am

PM2353 wrote:I don't know if this has been discussed or is an obvious topic but I was curious to see how TLS would rank which Legal positions were best for debt repayment.

For argument sake, lets assume 150k in debt. Any rough idea what's best and worst positions to repay huge debt.

Big Law -- Government etc etc--> living in parents basement

What?

Obviously the highest salary (Big Law) gives you the best option to repay debt.

romalee
Posts: 6
Joined: Wed Apr 17, 2013 7:07 am

Re: Hierarchy of Debt Repayment

Postby romalee » Thu Apr 18, 2013 2:58 am

In finance it is also called subordinated payments which means the lender have few subordinates from his relationships who are also authorized for collecting debts. Same as for the debtors may be his wife, brothers, parents or kids are responsible for all the debts.

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rinkrat19
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Joined: Sat Sep 25, 2010 5:35 am

Re: Hierarchy of Debt Repayment

Postby rinkrat19 » Thu Apr 18, 2013 3:31 am

romalee wrote:In finance it is also called subordinated payments which means the lender have few subordinates from his relationships who are also authorized for collecting debts. Same as for the debtors may be his wife, brothers, parents or kids are responsible for all the debts.

Who is this poster and why are all their posts these strange two-line bits of advice in broken English?

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sublime
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Joined: Sun Mar 10, 2013 12:21 pm

Re: Hierarchy of Debt Repayment

Postby sublime » Thu Apr 18, 2013 4:26 am

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