[dragonwriter]

> Then what do you do with bankrupt folks? Sorry, you had your chance, now you starve in the streets?

The institution of bankruptcy already answers, in general outline, the question of what to do with bankrupt folks: in short, cancel debts that aren't payable without excessive hardship. UBI should obviously be payable only to the beneficiary (except in the case of legal incapacity), who might contract to pay an equal amount to someone else, but such a contractual liability would be as subject to cancellation in bankruptcy as any other debt.