Family Debt Problems

06 Feb Are You Exposed?

subconscious patterns of behaviorDoes it do any good to think about why you have debt problems? As a bankruptcy lawyer I have represented clients with every type debt problem imaginable and I think is very worthwhile to reflect about how and why you ended up in a bankruptcy lawyer’s office or even why the word “bankruptcy” may have crossed your mind. Without getting overly philosophical, I’d like to offer a way to think about debt issues that may help you break whatever patterns exist in your life that put you into debt crisis. I firmly believe that your conscious and subconscious thoughts led you into your debt issues and if you don’t address the underlying thought patterns, nothing is going to change in the long term.
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07 Aug Bankruptcy And The Adult Child.

More often than not I see parents filing bankruptcy in part because they are taking care of adult children. These parents do not understand the court does not care that they have chosen to take care of a healthy adult child. Is this a harsh stance? [caption id="attachment_42401" align="alignleft" width="269"]Families are often complicated. Families are often complicated.[/caption] Harsh or not it is the reality of the system. If you want to reorganize or eliminate your debts you must abide by the system or have your case dismissed. In two of my cases the parents were willing to lose their home and/or vehicles in order to continue to care for their healthy and capable adult children. These adult children did not have specials needs but rather could not afford the life style they were living and are not willing to change their lifestyle.
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07 May Sometimes In Bankruptcy It Is Good To Focus On Something Besides Yourself.

[caption id="attachment_40029" align="alignleft" width="230"]Life Focus Sometimes you must focus on something besides yourself.[/caption] The term bankruptcy often sends people into a spiraling state of panic as I have discussed in prior articles. It is not unusual when discussing the bankruptcy process for people to break out in a cold sweat. Their pupils dilate as their flight or fight system kicks in from the fear that washes over them. As well a lump develops in their throat and a gnawing sensation swells in their gut from the fear and anticipation when discussing bankruptcy. These feelings and physiological responses are great if you are getting ready to compete in any athletic event but not so much when you are dealing with the reality that your finances appear to be beyond your control. So what do you do?
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