winaymarka.org

Believe it or not, bankruptcy is not a dirty word. It is true, it’s far better to never have to go into bankruptcy. But sometimes good people make bad financial decisions or circumstances beyond their control such as a job loss or serious illness causes a financial catastrophe and this is why bankruptcy was created. Bankruptcy was designed to help good people who got into financial trouble, and to avoid losing the roof over their head and the food on their table. People are not abusing the system so long as they did not go into debt expecting to file bankruptcy and never repay all their debts. You have to remember the creditors that lent  you the money took the risk that you might not be able to pay your debts. Your future credit may not be any worse after filing than it already is after a year of late payments and judgments against you.  If you’re at the end of your financial rope bankruptcy might be the solution for you.

If it is inevitable that you have to file bankruptcy, consider it a temporary pathway on the great journey of life and try to count your blessings. Life in the USA is infinitely preferable to life in the majority of the rest of the world and you will find that with a little help from your friends and family will get through the experience intact and somewhat wiser about the pit falls of the capitalist world in which we live. When we file for bankruptcy it allows us to live life once again without being constantly harassed by debt collectors. It also gives us the space we need to regain control over so many aspects of our lives and get rid of the hopelessness that hangs over our head when we have far more debts than we can ever possibly repay.