Why does "bankruptcy" seem so negative?

Submitted by John T. Orcutt on Mon, 01/03/2022 - 10:32am

Why does "bankruptcy" seem so negative?

Maybe it's just something we have been taught to think.   

But, ponder this:   How many times did "what we think" turn out to be dead wrong?

How many times in life did we judge something or someone good or bad, only to find out that the opposite was true?

That's exactly why we have phrases like:  “You won't know what it's like until you walk in his shoes” and “You won't really understand until it happens to you”.  

It's called "jumping to conclusions" from which we "jump to judgment".  

We all do it and, even worse, we do it all the time.  Why? 

Why would God build into us this tendency to jump to conclusions about people, things or situations we know nothing about and have never personally experienced?  It would seem counterproductive.   You would think we would learn from our past mistakes in this regard.  But, mostly we don't.

Would it not have made better sense to have built into us a governor against or aversion to jumping to conclusions? 

I don't know the answer to that, but I do know this.   In my experience, jumping to conclusions and, from there, jumping to judgment, always seems to cause more harm than good.

And so it is when you hear the word "bankruptcy".  

The mere utterance of the word seems to throw people into spasm.

And, without doubt, no one sets out with the life goal of eventually filing bankruptcy.  

But that doesn't mean bankruptcy is bad.  

What's bad is too-much-debt.  Not bankruptcy.  

Filing bankruptcy is the solution to "too-much-debt".   Bankruptcy gets rid of debt.  That's what it does.  

How is that bad?

And less debt makes for a better life.  Why do you think clients are always telling us: "Filing bankruptcy was the best thing I ever did"?  

This is not to say that clients are glad they had to file.  It just means that filing bankruptcy was the solution to an impossible problem.

My hope is that you will stop and find out the truth for yourself.  

With us, the consultation and the answers are FREE.  So, you have nothing to lose, but maybe, just maybe, everything to gain.

Believe me, the results can be amazing.  

To your future.

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