STOP throwing your good money after bad debt trying to escape that proverbial hole you find yourself sinking in.
Typically, by the
time people realize that they need to consider bankruptcy, the damage is far
more severe that it would have been otherwise necessary. We’ve seen people drain their assets and retirement
accounts that could have been protected from creditors inside bankruptcy.
Most of us feel we
have a moral obligation to pay what we owe and even mistakenly believe the Bible requires you to pay debt in
full even if it takes the rest of your lives (see Deuteronomy).
Unfortunately,
people continue to try to chip away debt-little by little-penny by penny, on
debts that they are never going to be able to repay in their lifetimes,
prolonging the destruction that happens when people find themselves a position
of being ‘in over their heads’. They divert
money that could have been used to support themselves in retirement or even to
be able to take of their family now.
There is a purpose
for bankruptcy. Its designed for relief.
Its designed to protect or even an allowance to walk away from an impossible
situation.
Shockingly, even in
this day and age, people still continue believe the myths reported by the
financial industries, like their credit will be ruined! (That is definitely false!
It does the opposite!)
Our office has been
helping people in bankruptcy for over 22 years.
We will enlighten you to understand benefits and the helpful effects of
filing bankruptcy.
Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website, www.GuamLegal.com.
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