Bankruptcy If You Hate Meetings

It might seem that your debt is overwhelming and there is no escape from the daily nightmare of creditors calling and the worry about having your assets seized. Your debt is also a serious matter and needs to be dealt with. But no matter what, you should avoid bankruptcy. You should especially avoid bankruptcy if you want to take action on your debt. The title says, “Avoid Bankruptcy if You Hate Meetings.” Just what does this mean? The title is intended to pass a message that if you want to take action and really do something about your debt then you should avoid bankruptcy which is a costly time-waster. Let’s elaborate a little further:

Meetings are time-wasters for the most part. Unless a meeting has a specific goal and a planned agenda, they are basically institutionalized excuses to waste time meaning they are unproductive to the bottom line of a business. This is a reason to avoid bankruptcy. You will have meetings with your lawyer and meetings with the court-appointed trustee. You will waste time away from work of lose productive time if you are self-employed.

Meetings create opportunities to get backed into the corner. There’s nothing like getting put on the spot in a meeting just as there is nothing like getting backed into a corner with debt reaffirmation pressure before a discharge of debt. Debt reaffirmation is a resort your creditors will use to try to get you to agree too even though it is totally voluntary. But you can bet if you don’t avoid bankruptcy that you will be approached in a meeting to reaffirm and pay the debt anyways.

Autonomy is lost in meetings. The group rules in meetings. And when you don’t avoid bankruptcy, you lose autonomy too. When you don’t file bankruptcy, you can pick and choose the debts you want to keep paying on. For example, you might have some small credit cards you are able to pay off or at least keep open and carry a small balance so that you have a credit card to use. For the remaining credit cards, you might be able to negotiate lower rates with the creditors so that they get their card paid off. They will want to recover what you owe them but the fact that you took a stance to avoid bankruptcy gives you choices like this.

Action is better than meetings. Some say you should not avoid bankruptcy because it is a financial tool. Using a tool implies action but this is no action at all. Meetings are the same way. Everyone talks instead of implementing the solution. It is better to avoid bankruptcy and set up a budget, talk to a credit counselor, get into a debt management plan, get an extra job, sell some of your stock. In other words, do everything you can but avoid bankruptcy.

This was not intended to offend those who like meetings. The point to remember from this is that bankruptcy costs time and money for the debtor and the debtor should be saving money and using time wisely. Excessive meetings (which you will have in bankruptcy) waste time and money too. Take definite action and avoid bankruptcy. See a credit counselor if you have to.

Avoid those trustee and lawyer meetings and avoid bankruptcy, visit credit counseling for bankruptcy and find out how.