No Shame in this Business Decision

Published by Gerald Bauer Jr., Esq. 12/30/23

As an experienced bankruptcy attorney whose been talking to clients for over 20 years regarding their financial situation a common response I hear remains the same; that is, the majority of my former clients felt some sense of shame in filing for either chapter 7 or 13 bankruptcy. They said comments like “I’m the one who ran up my credit card bills, and I should be the one to pay for them,” or “I never thought I would find myself in this situation.” My response to them is always the same: filing for either chapter 7 or 13 bankruptcy is a business decision that one must make devoid of any personal feelings; that one doesn’t consider filing for either chapter 7 or 13 bankruptcy at the first sign of financial strain, rather, it’s typically found at the end of a tumultuous, stress-filled anxiety-ridden multiple years.

One constant that I tell all my current clients and those who seek out a consultation with my office is that all of my past chapter 7 clients were relieved by the filing of their bankruptcy case as well as a great majority of my former clients who filed for protection under the U.S. Bankruptcy code for chapter 13. Moving forward in our lives hopefully we all can use our rational/logical reasoning to help us with whatever issue we are dealing with rather than fear or other emotions that tend to drive us in the wrong direction.

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