Don't Feel Guilty About Filing for Bankruptcy
Many people express their reluctance to file bankruptcy because they feel guilty or want to do the right thing. These feelings are normal but should be put into context. Credit card companies are currently reporting record profits. The United States government funded billions of dollars in bail outs to the banks (paid for by your taxes) which was suppose to be used to help consumers. Of course, we all know that the money was used to enrich the bankers themselves with little or no benefit to consumers. Bankruptcy is your personal bail out.
Keep in mind that you are nothing more than a file number to the credit companies and an opportunity to make money. In most instances, you have most likely already paid back the principal amount of the debt that was borrowed. Although the credit card companies are no longer going to make more money on you, they certainly are not going to take a loss. In addition, credit card companies' policies to charge you exorbitant interest, penalties and late fees once you miss a payment or two demonstrate their lack of compassion and fairness. Your struggles represent an opportunity for them to take advantage of your situation and gouge you for more money.
The most important thing to remember is that you have to do what is right for you and your family. If you cannot realistically pay back your debts within a couple of years, then you have a choice to make. You can live the rest of your life in poverty while you and your family suffer with no end in sight, or, you can take control of your own financial destiny, take advantage of a legitimate solution to eliminate your debts and live a debt-free life after you file for bankruptcy. The choice should be easy.
At the P.R. Smith Law Group, we know that bankruptcy is an effective solution that has been used by thousands of people throughout the United States to discharge debt. You should not feel guilty about filing for bankruptcy. Let us answer your questions and guide you through the process with confidence.
Contact Us for a Free Initial Consultation in Tampa
If you have questions about how bankruptcy will impact your assets and personal property, contact our lawyers at the P.R. Smith Law Group to schedule a free initial consultation. Call us toll free at 888-682-5251.
