Clay Travis

And that's the truth.

And they can argue about this with us all day, but it won't change the truth.

Fantastic.

Thank you so much, Jennifer.

Keep up the fight and keep selling great, great clothing on XXXY.

Appreciate you.

All right, Clay, I got to do a little cleanup here for a second on something because I'm getting all the bankruptcy lawyers in our audience are reaching out to me.

I had said that credit card debt is non-dischargeable.

That is not, strictly speaking, accurate.

But the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 made credit card – it used to just be you could declare bankruptcy, your credit card debt is gone.

That's not the case anymore.

Now they can – when you go to bankruptcy court, they can divert you from a Chapter 7 to a Chapter 13 filing.

And so what this BAPCPA law, B-A-P-C-P-A law did is luxury goods will not be dischargeable in a bankruptcy.

Cash advances in certain circumstances, not dischargeable.

This is all credit card stuff, right?

So if you put luxury goods on your credit card within 90 days of filing, then they say no.

So they put all these barriers and you can get into mandatory credit counseling for you to be approved for bankruptcy.

They don't do this for other things is the point.

OK, so the credit card companies managed to get written into law a whole bunch of additional.

It's going to be much harder for you to just walk away from this things.