I see and hear all of these financial experts talk about how you should not file a bankruptcy case. Finally, one has finally had the courage to speak the truth. Suze Orman said recently that it is the correct step if you cannot work your way out of your financial situation in other ways. I am always amused by these experts and their advice, but, finally one expert is coming out and saying what should have been said all along.


I will list some ways that might help you tell if you are a candidate for filing bankruptcy or not. This list is in no particular order.

 If you can fill a conference center that holds at least 1,000 seats and charge $25.00 per seat to tell other people who are desperate and broke or afraid of going broke how not to spend their money, then you probably can make enough money to pay off your bills and not file bankruptcy.

If you cannot remember the last time you actually opened all of your bills and looked at the amounts owed, then you may need to file bankruptcy.

If you cannot remember the last time you actually tried to pay all of your bills and monthly living expenses without having to either not pay a bill or use a credit card to pay at least one bill, then you may need to file bankruptcy.

If you can write a book on how to manage your money and sell it to lots of people, then you may not need to file bankruptcy. If you can write lots of books on how to make money and sell lots of them to people, many of them who cannot afford to buy them, in large numbers, you probably do not need to file bankruptcy.

 If you have the special ability to talk on national television, the personality and the drive to make it into a show seen by millions as Suze Orman has done, you probably do not need to file bankruptcy.

 If you cannot pay off your debts within a reasonable time, then you should probably file bankruptcy.

 If you cannot foresee a time when you will be able to pay off the bills that you have, then you probably should file bankruptcy.

 If you are more worried about your credit score than yourself and your family and the future, you probably should not file bankruptcy.

 If you are so timid that you are afraid of what others might say about you if you file bankruptcy, then you should not file bankruptcy.

 If you like where you are in life now, with all the calls from creditors, wondering when the lawsuits will start, using a check cashing place to get to the next payday, writing a check at the grocery store and hoping to beat it to the bank, then you should not file bankruptcy.

 Do nothing, hope that things will get better, who knows, but, things may get better.

 Maybe or maybe not.

About Nathan Davis, Esquire

Born in Charleston, South Carolina, Nathan Davis has been practicing law for many years. Mr. Davis has a wide variety of experiences having practiced domestic relations, criminal law, social security law having also practiced collection law in the past. This knowledge is helpful when someone needs to restart their financial life. The practice is now primarily bankruptcy and debtor representation work, but, Mr. Davis continues to also practice real estate law, trusts and estates and a general litigation practice. I believe that the most important part of representation is trying to leave you better off when the case is finished than when you started. Although I will do as my client directs, I will always tell you if I think that you are making a mistake. Bankruptcy is about a "fresh start". If you do not make changes in what you are doing, you will be doing what you are doing now in the future. There is no shame in bankruptcy or other steps that you may take to start your life over. Too often, people worry more about things than about themselves, their family or their future.
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