Could be way worse…you could be in Dubai

dsc_1633While I’m not a huge fan of bankruptcy, I’m not so sure a Dickensian style debtor’s prison system is a better option…which is apparently what they’ve got in Dubai.  Sounds like the shit is seriously hitting the fan over there.  I’ve read a few articles here and there about people fleeing the country to escape debt and going to prison but I didn’t realize exactly how unforgiving their system was.  Certainly good to know before you set up shop there!

Why Bankruptcy Matters – Megan McArdle.


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