Would bankruptcy help you? Would you be better off if you eliminated your debt with Chapter 7 or if you reorganized it with Chapter 13? Do you long to change your financial future, and do you think that bankruptcy is the best way to do it?
And, if so, why haven’t you filed yet?
The reason that many people cite when you ask them that question is a personal one. They simply think that bankruptcy is a type of personal failure. They have been told all their lives, in one way or another, that this type of financial failure is unacceptable and, possibly, that it is a moral decision they should never make.
This is all a myth, of course. Bankruptcy is a legal decision that has nothing to do with morality. You don’t have to feel bad about filing. The laws were set up to help people who need it. There’s nothing wrong with using those laws and options when they improve your life. Shouldn’t that be your end goal, after all?
Plus, even the idea that bankruptcy is a failure is a myth. Some studies have found that most bankruptcy cases stem from medical bills, of instance. Did you choose to get sick? Did you choose to have your insurance deny coverage? Did you choose to get injured? Of course not. These things happen, but they’re not indicative of any failure on your part. The only failure would be failing to use all of your options to address your financial needs.
Don’t let these myths get in the way. Don’t worry about “admitting failure” or taking advantage of the law. We can’t stress this enough: You’re not doing either of those things when you file for bankruptcy. You’re not. You’re just exercising the legal options that the government gives you. That’s exactly what you should do.
Do you want to find out more about how we can help? If you’re considering bankruptcy, please give us a call or just contact us through the website today, and we’d be glad to tell you more.