| Bankruptcy: dry land
for those drowning in a sea of debt.
Debt can effect more than our balance sheet. Every aspect of
a person's life - family, friendships, occupation, future, and
health - is effected by the debt we accumulate. Usually those
effects
are
as
harmful
as a
disease
that
remains untreated. If not dealt
with quickly, it gets progressively worse until all is lost.
If no other alternative exists to eradicate the disease, bankruptcy
is an
acceptable and
morally responsible debt treatment.
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ADVICE |
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GET RID OF CREDIT CARDS. Adjust your life style so that you
pay with cash for what you use. This
is easier than you think.
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Bankruptcy is a means to re-organize our financial life. Most
of us look upon debt reduction through bankruptcy as shameful.
This is normal: most of us are responsible citizens with a good
work ethic
and who believe, rightly, that
we
should
re-pay what we borrow. We live by the rule that: we should never
borrow more than we can afford to re-pay and we should re-pay
what
we
borrow.
Sometimes, however, circumstances arise that prevent us from being
able to fulfill these obligations. There
will be expensive medical problems, divorces, deaths, joblessness,
bad decisions, etc., that few of us ever prepare for financially,
but which will leave us financially un-healthy.
The law recognizes this uncertainty and provides a legal means,
through bankruptcy protection, to re-gain our financial footing.
While the Bankruptcy Abuse Prevention Act of 2005 added
a few new requirements to obtaining debt reduction help, most
all people with financial
burdens are as eligible
for the same bankruptcy protection now as before the law took effect.
Our law office can help you decide whether bankruptcy is something
you should seriously consider.
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ADVICE |
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Neither a borrower nor a lender be. -- Benjamin Franklin.
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Find out more about Bankruptcy in general by visiting the Bankruptcy
Basics pages of the U. S. Courts web site, produced
by the Administrative Office of the United States Courts. (Also
available is a PDF document for download - packed with more information
than a lawyer can
give
you in an hour.)
Also, you can find out Oklahoma U. S. District Court specific
information at the following web sites:
Northern District of Oklahoma
Eastern District of Oklahoma
Western District of Oklahoma
Is it a morally
responsible debt treatment alternative? |
