Each of us lives only now, in this brief instant. The rest has been lived already. So make the most thoughtful choices you can today that will lead to a better future.
Steve's Thought of the Day
Stop drifting and hoping a magic solution will appear. Instead, you can participate in rescuing yourself. Find peace by pursuing facts through trusted advisers and research rather than the blind trust of salespeople trying to sell you something by almost any means necessary.
Steve's Thought of the Day
Make decisions to deal with your debt with logic and facts, not assumptions, and worry about what other people will think. People who judge you will soon be forgotten. Nobody thinks about anyone that much.
Steve's Thought of the Day
The world is nothing but constant change. Your life is only a perception. Choose a way out of debt based on facts, not assumptions. Do what is best for your future because those that judge you will not feed you.
Steve's Thought of the Day
Do you have a greater responsibility to repair your financial past or your financial present and future? Make good choices that allow you to tackle your debt and immediately start building your emergency fund and saving for retirement. Tomorrow will be here before you know it. Lost time is a sin.
Steve's Thought of the Day
There is no sense in wasting a perfectly good financial mistake. Instead, learn from it and do better moving forward. The past is gone. Turn and face the future now.
Steve's Thought of the Day
Those who judge you for past financial mistakes are not your friends. So don't make choices about your future out of fear of what they may think. Instead, make choices based on truth, fact, and what is best for you moving forward from today.
Steve's Thought of the Day
Don't believe everything you think. Challenge your assumptions about getting out of debt. Do what is best for you, not others.
Steve's Thought of the Day
Is it less moral to file bankruptcy or to not take action that leaves you old, broke, hungry, and dependent on others?
Steve's Thought of the Day
If bankruptcy is so bad, why did our Founding Fathers specifically include it in the U.S. Constitution as protection for financial difficulties?
Stop listening to people that say bankruptcy is a last resort. It is neither first nor last. It is a tool like credit counseling, debt settlement, and others. For the best result, you need to use the right tool for the job.
Steve's Thought of the Day
People that tell you to avoid bankruptcy want to sell you something else are repeating something they heard or do not know what they are talking about. Get the facts and then make your own decision. Don't let an unskilled script-reading commissioned salesperson make life decisions for you.
Steve's Thought of the Day
Debt problems are like fingerprints. No two are alike. A one-size-fits-all solution will give you a one-size-fits-all result. You deserve better.
Steve's Thought of the Day
You are not your debt. Your value, self-esteem, and existence should not be defined by the money troubles you may be facing right now. Debt problems are solved with proper action, not guilt, self-hatred, and disgust.
Steve's Thought of the Day
Debt is nothing more than math wrapped in emotion. The math is easy, the emotional part leads us to do impulsive things. Not the right thing.
Steve's Thought of the Day
What type of money personality do you have? It is important to know. Take my online test now and discover how you unconsciously deal with money, credit, and debt.
Steve's Thought of the Day
How much retirement savings are you willing to throw away by dealing with your old debt instead of preparing for your financial future? Find how much you will lose by making the wrong choice. Use my online debt repayment calculator now.
Steve's Thought of the Day
Does it make more sense to ask for life-altering debt advice from an unskilled and untrained commissioned salesperson in a call center or an experienced debt coach like Damon Day that provides a customized solution for money troubles?
Steve's Thought of the Day
My Construction Business is Very Slow. Should I File Bankruptcy? – Eric
My buissness is very slow (Construction), as Im sure many are. I’m Iooking down the road and am looking at what feels like all dead ends. I only have enough funds for a few more months (payroll, house payment, credit cards, car payments) Im 45,married and have 3 kids
Is it better to try and save it all or file bankruptcy
Eric”
Dear Eric,
I don’t have a crystal ball to look in to see the future but based on all I read and hear, it does not look like the construction business is going to improve in the near future.
If you had two choices of running into bankruptcy, either on your terms or on the verge of being homeless and hungry, I’d rather see you do it on your terms. This way you can make arrangements to move if you have to, to let the family know what is going to happen and to meet with a local bankruptcy attorney to plan for bankruptcy rather than being in a panic about it.
Besides, if you have employees on payroll it will be better to know what you are going to do and give them a bit of advance notice so they can plan what they are going to do.
If you think that bankruptcy is the route you are going to take, stop paying the credit cards now. Money you send between now and bankruptcy will not make a serious dent in your debt and without access to credit cards you will need that cash to help you get by.
I’d suggest that you click here to schedule a free bankruptcy consultation, go talk to the attorney and then you’ll be better prepared to determine the exact day to file.
Sincerely,
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
1 thought on “My Construction Business is Very Slow. Should I File Bankruptcy? – Eric”
I am in the same boat no work because of credit crisis.The Sec is suing Goldman and more than likely the other perpetrators of this financial melt down like JPM,BAC,CITI and a host of others. I hate to keep stressing the point but your a victim of their misdeeds like most the people that contact this site.The time is now to start a Class action lawsuit against these institutions for financial hardship, loss of income, etc. Maybe this wont work but at least you can go down fighting. Our country was built by people who stood up to dirt bags like these.So let me know contact byzzops@verizon.net your future could depend on it.
I am in the same boat no work because of credit crisis.The Sec is suing Goldman and more than likely the other perpetrators of this financial melt down like JPM,BAC,CITI and a host of others. I hate to keep stressing the point but your a victim of their misdeeds like most the people that contact this site.The time is now to start a Class action lawsuit against these institutions for financial hardship, loss of income, etc. Maybe this wont work but at least you can go down fighting. Our country was built by people who stood up to dirt bags like these.So let me know contact byzzops@verizon.net your future could depend on it.