I’m so tired of hearing that “bankruptcy is failure.” It’s simply not true, and yes, I am biased. However, I have seen bankruptcy success stories, like Dave Ramsey, Walt Disney, J.C. Penny, darn near every football player ever, and more are listed in this article. If bankruptcy works for successful business folks, then why are you still sitting there believing that you should do everything you can to avoid it?
Bankruptcy can lay the foundation for future financial success, according to my friend and Milwakee bankruptcy lawyer Jamie Miller. I too, have seen success stories in my practice that range from changing habits to changing lives. Here’s what bankruptcy really does; it gets the debt out of the way so you can immediately move on with your financial life and save for what’s really important, like a home, car and RETIREMENT. I’m actually quite nervous about how little Americans save for retirement and I suspect you’re all struggling to repay your debts and losing time and compound interest.
Time is a precious commodity. Spending too much time eliminating debt, takes time away from building a nest egg for your future. Bankruptcy is success, not failure.