Veering Away from the Endless Pit of Bankruptcy

Yes, we use the most common term to denote despair to describe bankruptcy, because that’s what it is. To file for bankruptcy means you’re willing to give away all your remaining assets to pay off your debts. All else will be forgiven by a judge. However, the record will stay with you for a decade, and within that time period, you will be miserable.

So stay away from the threat of bankruptcy. Avoid large loans, and pay all your debts immediately. If you have to cut down on food and other expenses, do it for your own sake. Finish off all those debts. Work harder or get two or three jobs.

Leave a Reply