Homeless Executive Lives Off of Rewards Points

Good to know re: the Trustee and miles.
Good pre Bankruptcy planning would seem to me to convert much of the non-exempt cash to miles.
Good idea?

 

This story is likely bs. The cc points would be forfeited when he didn't pay his bill.

Rennick out

 

The biggest problem with these old, laid-off executives is their self-imposed high standard of living, with attendant carrying costs. Mortgages, leases, credit card debt, home equity loans, and all the other debt they've built up over a comfortable living at 100,000+/year.


In times like these, it's good not to have those debts and legacy burdens. The lean survive.