W hy You Shouldn’t Feel Bad About Filing For Bankruptcy
The American economy is based on spending. Approximately two-thirds of our gross national product comes from people like you and me spending our money. The answer to too many of our national crises has been to "Spend More". As Americans, we are taught from birth through television commercials, radio spots, written ads, and even our government leaders (remember that rebate check we are supposed to spend?) that we are supposed to spend, spend, and spend some more.
Many of the advertising techniques used to convince us to spend even cross the line into manipulation. Keeping up with the "Joneses" has taken on a whole new meaning. And for those of us who can’t afford to pay as we go, credit card companies are all too willing to offer credit. In fact, BILLIONS of credit card offers are sent to Americans each year.
Readily available credit makes it deceptively easy to live outside our resources. And if, because of illness, loss of work, or just plain bad planning, we are unable to make our payments, the credit card companies do their part to make sure we feel guilty and fearful. They often make repeated phone calls, threaten and harass us, and even tell out and out lies about what they can do if we don’t pay.
That’s why bankruptcy is truly a valuable part of our legal system, provided for in our Constitution. It helps keep families together, frees up income so we can better care for our children, reduces suicide rates, and keeps the number of homeless from growing even larger. It provides a fresh start to your life just when you need it most.
Courtesy of Amy Spencer-Martyn
Spencer-Martyn Law Offices
Redding, CA 96002
This information in this article is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.