In case you might have been misled about the benefits of filing bankruptcy when you run into money troubles, here comes Donald Trump on why filing bankruptcy is a smart thing to do. I don’t agree with everything the Donald says, or any other politician for that. But I have to agree with the Donald on this one.
Trump has come out swinging about the benefits of filing bankruptcy. In his defense he has made the case why bankruptcy is both legal and a good move at times.
It would be very difficult for Trump or anyone else to make the case bankruptcy is not a smart thing to do when an enterprise is failing or struggling. That appears to be exactly the reason he’s filed bankruptcy in his business dealings. So if “The biggest business people have used the bankruptcy laws to their advantage” then why shouldn’t you?
What happens when not filing bankruptcy costs you your retirement, your health and your marriage? And worst of all most of the reasons that people hesitate in filing bankruptcy are myths that are just not true.
Filing bankruptcy is a smart and an advantageous tool for people to consider, just like Donald Trump did for his businesses, to allow them to move forward financially. Besides, even the Federal Reserve Bank of New York agrees that people who file bankruptcy do better financially than those who don’t.
Filing a chapter 7 bankruptcy isn’t personal. And in the words of Donald Trump, it’s “just business.” So what’s holding you back? I don’t expect you to file today, but keep an open mind and explore your options while you still have your retirement, health and marriage intact. call our office for a free consultation. We can get you out of debt but can’t help you run for president of the USA. Why? because we only practice in bankruptcy.