As an attorney who meets with clients in difficult financial situations every day, I can say with certainty that there is still a stigma associated with filing bankruptcy. However, if you stop and think about it, I think you’ll realize that bankruptcy is a part of what makes America great.
Bankruptcy is Part of the American Spirit
Ours is a nation of risk-takers. We value entrepreneurs, inventors, and everyone with the “can-do” attitude that is quintessentially American. But where would that attitude be without bankruptcy? How many risk-takers would we lose if there wasn’t a safety net in place? If a person knew they could be buried in debt and hassled by debt collectors for years, what are the odds that they would ever try to start a new business or take a chance on a new investment? We all know that taking a big risk doesn’t always lead to a big reward. Knowing that we can recover from a failure is part of what inspires us to take those big risks in the first place. That’s what makes bankruptcy so important; it can provide peace of mind not just in the present but also for the future. Each of us can rest easy knowing that even in the darkest of financial situations, there is still a path back to success.
If you’ve suffered financial problems, don’t feel like bankruptcy is the end. It isn’t. Bankruptcy was created on the idea of offering a fresh start. As fellow Americans, were proud of anyone who has taken a chance to try something new, and it is only through fostering that spirit of big risk-taking that we can achieve great things. At Bond & Botes, our experienced attorneys can help you use the bankruptcy system to bounce back from financial hardships. Each of our convenient locations offers free initial consultations to help plan your path back to stability.
Nick Gajewski is an Associate Attorney at the Bond & Botes Law Offices in Florence and Haleyville, Alabama. He holds a Bachelor of Arts from the University of Alabama, and a Juris Doctorate from the University of Alabama School of Law. Nick joined the team of Bond & Botes bankruptcy lawyers back in 2014 and has been helping clients navigate financial issues since. Read his full bio here.