Obviously, there are so many issues to think about prior to filing for bankruptcy protection; however, feeling ashamed should not be one of them. The History of Bankruptcy in the United States dates back to the founding fathers, wherein they expressly outlawed debtor's prisons and immediately instituted forgiving bankruptcy laws early in our nation's history. Over the years, some of the nation's most revered companies and people have turned to the bankruptcy system for help. Perhaps this nation's greatest President and founding father, Thomas Jefferson, filed for bankruptcy not just once, but several times to eliminate the accumulation of his huge debt. The same holds true for Walt Disney. Other notable individuals that have filed for bankruptcy protection are: Larry King, Redd Foxx, Wayne Newton, Abe Lincoln, Burt Reynolds, Johnny Unitas & Toni Braxton, just to name a few. The filing of a personal bankruptcy is better put into perspective when you know that men of Mr. Jefferson's, Mr. Disney's and Mr. Lincoln's foresight and intelligence could get themselves into and out of financial trouble.
At the Consumer Attorneys LLP, we view bankruptcy as a financial planning tool. If used properly, bankruptcy will put you onto the road to recovery. Our #1 goal is to help our Clients achieve their goals. Most of our Clients tell us that their goals include Financial Freedom. We all know that to be financially free, a person cannot have debts. If our Clients use the bankruptcy process to eliminate or re-structure their debts, they are on the road to recovery, whether they know it or not. Our Clients learn from the past (about interest, penalties, fees and mortgages), continue their education throughout the process, and make good sound financial decisions in the future. Our Clients know that the mortgage companies, credit card companies and auto finance companies will do everything possible to take away your future wealth. They do it financing your future away. They are looking to lure you into high interest contracts that will literally cost you hundreds of thousands of dollars in interest or finance charges.
There is a better and happier way to live, the debt free way. When an individual files for bankruptcy, they are forced to focus on their monthly budget and their debts. Once their debts are either eliminated or re-organized, then they can focus on the other debts. We strive to provide our Clients with a strategy to payoff all of their debts and become. Just imagine, if you were debt free, with no mortgage or car payments, how much money you could be investing and earning interest on. For most people that number is over $1,000.00 per month.