A friend suggested that a easy way to resolve his current fiscal dilemma would be to move someplace where there are plenty of natural disasters. That way when the big one hits and he loses his house and car, all the loans should wash away with them. Ironically he is already underwater on his mortgage.
So what happens your Majesty, when your house is repossessed by the ocean, your car gets a lava wash, and your bank falls off the map? Is there some sort of get out of debt free card, if all you’ve got left is your undies? Does it affect your ability to throw yourself right back into the debt pool?