Doing what you’ve been doing is going to get what you’ve been getting. —Seth Godin Remember that classic definition of insanity—doing the same thing over and over while expecting different results? Filing for individual Chapter 11 bankruptcy represents only one step of your journey to financial wellbeing. Your goal should not simply be to reset financially, but rather to recover—and [...]
Like all forms of bankruptcy, filing an Individual Chapter 11 Bankruptcy isn’t the end of your financial dream; it’s actually a method of resetting. While your financial difficulties may put a strain on your business, you still owe it to yourself to move forward. Here are some best practices to begin doing just that. Keep Business and Personal Finances Separate [...]
If your rising debts have caused increased stress or depression in your life, you’re not alone. In fact, studies by the American Psychological Association suggest that financial-related stress affects as many as 72 percent of Americans. Twenty-two percent report “extreme stress” because of their finances. While filing for bankruptcy relief can help you regain control of your finances, leaving these [...]
The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem. —Suze Orman Before we move forward, let's put something into perspective. Bankruptcy is basically like a bandage for your debt problems: It can help stem the bleeding and give you the time to heal. But it does little [...]
