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Hierarchy of Debt Repayment
Posted: Tue Apr 02, 2013 9:24 am
by PM2353
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
Re: Hierarchy of Debt Repayment
Posted: Wed Apr 03, 2013 4:00 am
by RELIC
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.
Re: Hierarchy of Debt Repayment
Posted: Thu Apr 18, 2013 2:58 am
by romalee
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.
Re: Hierarchy of Debt Repayment
Posted: Thu Apr 18, 2013 3:31 am
by rinkrat19
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?
Re: Hierarchy of Debt Repayment
Posted: Thu Apr 18, 2013 4:26 am
by sublime
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