You know it and we know it: There's a lot of stigma behind the word bankruptcy. We're here to tell you: If you're considering bankruptcy, there is nothing to be ashamed of and don't let anyone tell you differently. Bankruptcy has helped millions of families and businesses emerge stronger, especially in tough economic times.
The federal bankruptcy code has long been a carefully negotiated, well-thought out safety net to catch the financial pratfalls so many Americans take on occasion. It's an outstanding testament to the state of cooperation, foresight and spirit of assistance that characterizes our country. Despite the pervasive stigmas, there is very little collective impact to the nation's economic well-being as a result of individual bankruptcy filings outside of a number of Americans becoming once again financially stable and viable contributors to society. The collective impact of bankruptcy is a positive.
There is no doubt that America has poor communities. There are people struggling today--and there always will be. But the bankruptcy code helps to significantly prevent more Americans from ending up on the street. And no, that comment is not a stretch. With careful planning, you can emerge from bankruptcy in relatively good shape emotionally and financially.
Think about it for a moment: bankruptcy allows you to keep the things you really need: your home, retirement accounts, life insurance assets, college funds, and even your car. If you have those items intact after a bankruptcy, you remain in far better financial condition than the large population of indebted Americans who never file for bankruptcy. Why keep taking the hits on your credit when bankruptcy can immediately stop the hemorrhaging?
A quick search of the blog will produce a number of posts about life after bankruptcy. There is a reason for that: studies show that, without careful guidance, those who file for bankruptcy can end up in the same situation again in the future. Our goal is to help you before, during and after your bankruptcy so that you emerge from your bankruptcy with a solid financial footing.
It is interesting that people still feel a certain amount of discomfort about the idea of bankruptcy. One should wonder if that sort of stigma wasn't fostered, or at least perpetuated, by the credit industry. Given the practices of collection agencies and credit card phone reps, it's easy to understand how miserable they can make a person feel about missing a payment. Despite all of the misinformation you've heard from the credit industry about bankruptcy, it is still the best financial safety net for you and your family. If you're struggling to pay the monthly minimums or getting behind on your mortgage payments, don't wait another day. Call an experienced bankruptcy attorney and learn about your options. In North Carolina, call the Law Offices of John T. Orcutt at 1-888-234-4181 to set up your free initial debt consultation. Offices conveniently located in Raleigh, Durham, Fayetteville & Wilson.