Are You A Bankruptcy Phoenix?

October 14, 2011

The ancient world has many stories of the firebird, or phoenix. The phoenix is mythical bird of great beauty that lives a very long time. At the end of its life the phoenix builds a nest and then self-combusts, burning until it and the nest are reduced to ashes. Then, from the ashes arises a new, young phoenix, ready for a fresh start.

Bankruptcy can reduce your overwhelming debts to ashes and give you a new, fresh start.

Bankruptcy is a legal process that is presided over by a federal bankruptcy court judge. When you file a bankruptcy case all collection activity must cease while you restructure your finances. Any debt that you cannot afford to pay is legally discharged and that creditor can no longer collect from you. Bankruptcy is one of the most powerful legal protections available and can provide you with a bright new financial future.

Some people worry that by filing bankruptcy they have destroyed their future. No true! In fact, bankruptcy destroys the debt that is holding you back. In 1934 the U.S. Supreme Court made it clear that bankruptcy “gives to the honest but unfortunate debtor…a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.”

So, what can you do with a new opportunity in life? Many debtors report that bankruptcy is the best decision they ever made. These “phoenixes” have legally eliminated or restructured their financial obligations and emerge from bankruptcy armed with a second chance. They are wiser, more experienced and determined to not repeat past mistakes. They go on to purchase homes and cars, obtain loans and credit cards, and responsibly manage their financial affairs.

Are you ready to be a bankruptcy phoenix? If so, consult with an experienced bankruptcy attorney and discuss how the federal bankruptcy laws can help you. Your attorney can show you the path to a fresh start and a new opportunity in life.

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