Four Reasons Not To File Bankruptcy

03 Feb Four Reasons Not To File Bankruptcy

Here are four reasons not to file bankruptcy.

Shame.

Guilt.

Worthlessness.

Failure.

These are very powerful feelings. They go right to the heart of who we are, of what we think about ourselves. Of what gets us up and out of bed in the morning.

But one out of every 15 Americans has filed bankruptcy in the past five years. 300 million Americans, and about half are adult. About two million debtors each year. 10 million bankruptcy filers out of 150 million adult Americans.

One out of 15.

That means that you know people who have done this.

No one talks about it. No one is on the street corner yelling “Go see a Bankruptcy Law Network attorney now for bankruptcy!”

Sometimes I feel like an undertaker.

Kind of takes your breath away, doesn’t it? I know. It takes my breath away every time I say this, and I say this two or three times every day.

One out of 15.

You have plenty of company.

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L. Jed Berliner practices exclusively in consumer bankruptcy, foreclosure defense, and related consumer protection litigation such as credit card defenses and suing debt collectors. He established his Springfield, MA practice in 1988. Attorney Berliner is a regular and active contributor to the Bankruptcy Law Network, the Bankruptcy Roundtable, and the National Association of Consumer Bankruptcy Attorneys, three specialized consumer bankruptcy forums on the Internet, and is an informal mentor to regional practitioners. He is recognized by his peers as an expert in consumer bankruptcy issues. He thoroughly enjoys being rated "excellent" in his client surveys.

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