debt to equity

Wouldn't life be grand if you could apply corporate accounting to your personal finances?

For example, let's say your credit cards are maxxed, and there's no way on God's green Earth that you're going to be able to make the minimum monthly payments. So you go down to the bank and talk to the manager, and he agrees to float a bond for you (for a small cut of the action). You spend the bond money on a family vacation and making credit card minimum payments.

Then, when you can't afford the interest on the credit cards or the bonds, you go back to the banker, beg poverty, and get your credit card interest down. You call your bondholders and congratulate them on becoming stakeholders in your company-their equity certificates will entitle them to stock when you go public. You go on vacation.

Or you could hide all that debt in a partner…but then again, that's what leads to most divorces.