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Do Not Avoid Bankruptcy – 14 Reasons

Avoid bankruptcy is advice you will often hear in the debt relief world. Companies, from non-profit credit counselors to for profit companies use that advice, sometimes well intentioned, and sometimes just to manipulate you.

Companies that use the advice that consumers should avoid bankruptcy are simply amplifying the ingrained fear and prejudice that many have about bankruptcy.

But fear and assumptions have nothing to do with reality. And the truth is that many people are frankly better off to not avoid bankruptcy but to instead carefully look at bankruptcy as the best tool to help them with their money troubles.

Did that monster under your bed or in your closet when you were a child ever turn out to be real? Of course it didn’t. The fear of bankruptcy is just as irrational once you contemplate the facts.

I Should Avoid Bankruptcy

The question I always have for someone that tells me they want to avoid bankruptcy is, “why?”

  • Why would you want to avoid the one single debt relief option available to you under the law?
  • Why would you want to avoid the one option that will absolutely make collection calls stop, stop lawsuits, and avoid wage garnishments?
  • Why would you want to avoid a solution that eliminates the debt of most people in about 90 days?

People say, they feel a moral obligation to repay the debt. To which I say, “so?” There is nothing that prevents you from repaying your debt in full following a bankruptcy. pay it back if you want to.

So Why Avoid Bankruptcy?

Too many people avoid bankruptcy for all the wrong reasons. Most all of those reasons are rooted in assumptions, fallacies, incorrect facts, or manipulation by others that want to leverage the fear of bankruptcy to sell their debt relief solution.

Bankruptcy is no more to be avoided when appropriate than an appendectomy should be avoided for a ruptured appendix.

The fear of bankruptcy is an artificial cultural prejudice.Click to Tweet

The fear of bankruptcy is an artificial cultural prejudice. It’s a belief that is not even supported by the Bible or even the Quran.

Bankruptcy is considered by some to be a shameful act that needs to be hidden. I get that. In fact I hid the reality I went bankrupt in 1990. I hid it from others for almost a decade.

But what I learned from that process was I was an idiot for doing so. In that decade my bankruptcy never stopped me from getting a great job, getting the lowest car financing, buying a house at the best rates, having access to credit, or starting a business. The only person in the world that cared about my bankruptcy was me. My fear was unfounded and emotionally stupid. I learned my lesson.

Bankruptcy isn’t a moral curse, it’s a thing that sometimes is the best thing to do.

We euthanize loved pets out of compassion when they are sick beyond recovery. We care for the ill and hungry among us. We shelter the homeless, we provide medical care for those in dire needs.

If we are to believe people should avoid bankruptcy then we should believe that the hurt, hungry, and injured among us should not receive care and treatment and be cast out. That makes no sense. Avoiding bankruptcy for the sake of avoiding bankruptcy makes no sense either.

Do Not Avoid Bankruptcy   14 Reasons

Avoiding bankruptcy is as rational as the fear of monsters under your bed.

If Someone Tells You to Avoid Bankruptcy, Doubt Them

Until we can get rational thinking and a logical assessment of debt problems to become common place, if anyone tells you to avoid bankruptcy, go someplace else. Go get a second opinion, get different advice, or heck, go talk to a bankruptcy attorney.

You can click here to find a local bankruptcy attorney and talk to them for free about your specific situation. Get the facts and then you can make an informed and educated decision if bankruptcy is right for you.

http://youtu.be/7ziY1Mb5Ny0

14 Reasons Why You Should Not Avoid Bankruptcy

  1. Bankruptcy allows most people to discharge their debt in about 90 days and get a legal fresh start and second chance.
  2. Bankruptcy allows people to move forward in a safer financial way other than still living paycheck to paycheck for years as they try to pay their way out but unable to save money.
  3. Bankruptcy allows people to learn from their mistakes and do better moving forward to protect themselves and their family financially.
  4. Filing bankruptcy now allows people to get back to saving for retirement as quickly as possible. You don’t want to retire broke and hungry.
  5. Bankruptcy stops people from draining their retirement accounts to pay bills they can’t afford to pay.
  6. Filing bankruptcy stops all collection calls.
  7. Bankruptcy stops lawsuits over debt owed.
  8. Bankruptcy stops wage garnishments.
  9. Credit can be easily rebuilt after bankruptcy.
  10. After bankruptcy you can get a job, buy a house, get a security clearance, and just about anything else you want.
  11. Bankruptcy may be hard but it is often the kindest and most responsible thing you can do so you can take care of the people that depend on you.
  12. Bankruptcy allows you to regain your life in an otherwise unsafe financial situation.
  13. Filing bankruptcy allows you to learn from your mistakes and be a better person moving forward. The actual number of people that file bankruptcy again is relatively low.
  14. You should not avoid filing bankruptcy for fear of what your creditors might think. You are a number on the computer screen and they’ve already assumed some people will have to file bankruptcy at some point. That’s not an excuse. It’s a reality.

If you can repay your debts and still save money at the same time as well as live life and meet your other obligations, pay them.

But if you can’t do that, you need to rule out if bankruptcy is right for you and not buy in to the incorrect assumption that bankruptcy should be avoided.

I want you to act with purpose based on truth, facts, and what is best for you in your situation.

Don’t buy in to common misperceptions in an effort to think you are really doing what is best or right for you and/or you family.

Avoiding bankruptcy for the sake of avoiding bankruptcy has hurt many times more people than bankruptcy ever could.

You can click here to find a local bankruptcy attorney and talk to them for free about your specific situation. Get the facts and then you can make an informed and educated decision if bankruptcy is right for you.

Bankruptcy Articles and Posts You Must Read

To get ready to read the information below with the right frame of mind, please first read How Do I Get Out of Debt Quickly? Change Your Mindset.

Bankruptcy Advice

Life After Bankruptcy

Filing Bankruptcy Yourself

Do Not Avoid Bankruptcy   14 Reasons
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    There is no minimum to file for bankruptcy protection. And it is unfortunate if people gave you feedback that you $4,000 is not enough but the reality is in your current situation it might as well be $400,000.

    Did you talk to legal aid? Who gave you the feedback it was not enough?

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • http://GetOutOfDebt.org Steve Rhode

    Well said.

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • irasmithinc

    Excellent article Steve. We unfortunately see people when it is too late and bankruptcy is the only option. We always tell people come see us when you first determine there is a problem. That is when options are the greatest. The only time to avoid bankruptcy is early, after getting the advice of a bankruptcy trustee, so that many options, other than ignoring the problem, are available. And if bankruptcy is the best option, at least the person will know that they legitimately canvassed all available options with a professional, and are choosing a carefully thought out plan to better their future. http://www.irasmithinc.com

  • Rocky De Lorenzo

    I agree with you 100% What people don’t understand is that they can normally rebuild their credit within a two year period after being discharged from a chapter 7 bankruptcy. That is if, and only if, they begin re-establishing their credit immediately after receiving their discharge letter. I was discharged in July 2008 and purchased a brand new $265,000 home in October 2012 (a longer wait due to my foreclosure.) People are made to believe that bankruptcy will ruin their credit & life for ten years.
    Thank you for bringing this to light for people to consider bankruptcy.

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