How Federal Law Can Help You Get a New Financial Start in 2022 –

I remember the story of a poor old beggar who died one day – and to everyone’s surprise, a purse belt found wrapped around his waist contained thousands of dollars in cash. Apparently he had found the purse belt while rummaging through the trash, had decided to keep it, but had never really opened it. So he lived the rest of his life without even knowing what he had. If he had known what was available to alleviate some of his suffering, his life could have been a little better.

The story of this poor old beggar comes to mind when I see how many people continue to suffer needlessly in debt as the law offers them a remedy to improve their financial situation. In saying this, I realize that some people may accuse me of bias in favor of bankruptcy because I make a living as a bankruptcy attorney. I urge you, however, to keep an open mind for at least a moment as you read this article. What I hope to accomplish here is to help you understand that the purpose of our laws is actually to help, not to hurt people. So please stay with me here for a few minutes.

The legislative intention of Congress in passing our bankruptcy laws is to provide a fresh start for honest people who have found it impossible to cope with debt problems. Because life is not perfect, Congress has realized that a person who needs to recover financially after experiencing serious debt problems should at least be given the opportunity to do so. This concept of “new beginnings” is the foundation of our bankruptcy laws and has become an integral part of our economic system and our society.

Because money affects almost every area of ​​our life, money problems can have an extremely devastating effect on the family, our most basic social structure. It is probably fair to say that it is the families of this country who ultimately benefit from the protection afforded by our bankruptcy laws. Can you imagine how many families in debt might be on the streets right now if it hadn’t been for the “fresh start” under our bankruptcy laws? For parents with dependent children, the challenges posed by insurmountable debt problems are even greater because, at the end of the day, the well-being of children can be threatened.

So keep in mind if you are considering bankruptcy as a possible solution to your debt problems, that the purpose of our bankruptcy laws is to make financial recovery available as soon as possible to those who need it. Of course, that doesn’t mean that filing for bankruptcy is always the solution to all financial problems. Your bankruptcy lawyer should carefully consider your situation, weigh the pros and cons, and make the appropriate recommendations. When filing there should be a clear goal and the chances of success for the type of bankruptcy filed should be assessed. Is it your goal to eliminate debts you can no longer afford or do you just need to consolidate your debts to make them more manageable? Are there important legal rights or your assets at stake? What to do to protect them and at what cost? These are some of the questions that need to be answered.

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NOTE: Due to the COVID-19 pandemic, I am offering free PHONE consultations to anyone who needs help dealing with their debt issues.

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None of the information in this document is intended to provide legal advice for a specific situation. Atty. Ray Bulaon has successfully helped over 5,000 clients get out of debt. For a free legal assessment of your situation, please call RJB Law Offices at Toll Free 1-866-477-7772.

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