PEOPLE with heavy debt think that they have serious problems in life that are almost unbearable. “Attorney, we can’t sleep because our creditors are hounding us day and night! They threaten us with lawsuits and wage garnishment and bank levies!” Well, yes, if you have too much debt, it does create a financial problem for you but we can certainly get you out of that situation by getting rid of your debts with a bankruptcy while you keep all your assets and income. Once I had a client who killed himself before we filed his bankruptcy because he could not continue living. If this is what you are thinking, don’t do it. You owe creditors money not your life! Let’s put things in the right perspective, ok? In America, you can get rid of debt with a bankruptcy but still keep most if not all of your assets. So, there is a solution to your debt problems. In America, you can get a fresh start in life without debt and be productive again. This is the simple truth and I kid you not.
Let’s compare your debt problems to the sufferings in the Book of Lamentations so you can get a correct perspective of the weight of your financial problems. Jeremiah wrote this in 580 B.C. to describe the sufferings of the Jews who are destroyed by their enemies because they have been unfaithful to God:
“Remember, O LORD, what has happened to us; look, and see our disgrace. Our inheritance has been turned over to aliens, our homes to foreigners. We have become orphans and fatherless, our mothers like widows…Those who pursue us are at our heels; we are weary and find no rest. We submitted to Egypt and Assyria to get enough bread. Our fathers have sinned and are no more, and we bear their punishment. Slaves rule over us, and there is none to free us from their hands. We get our bread at the risk of our lives because of the sword in the desert. Our skin is hot as an oven, feverish from hunger. Women have been ravished in Zion, and virgins in the town of Judah. Princes have been hung up by their hands; elders shown no respect. Young men toil at the millstones; boys stagger under loads of wood… Joy is gone from our hearts; our dancing turned to mourning…”
If you were an Israelite at the time that Jeremiah speaks of, financial problems that you suffer from now would be the least of your problems. At that time, you would be a slave to your former slaves with no asset, no roof over your head, and no food to eat and feverish from hunger!
Or, let’s compare the situation to Nanking in 1937 when 500,000 Chinese civilians and disarmed soldiers were murdered by the invading Japanese savages in a matter of six weeks. 20,000 women and young girls raped then killed with bayonets. What if you and your family were trapped in Nanking in 1937 to face such violence and depredation? Your present financial problem is nothing compared to being subjected to these atrocities.
Or, let’s move on to Manila in 1945, when the Japanese were retreating and moving out of Manila because Gen. McArthur and the American forces had landed in Leyte. The Japanese were butchering all the civilians that they met in their retreat. This is the description of Manila by Frank Ephraim in his book “Escape to Manila – from Nazi tyranny to Japanese Terror”: “The view from San Andres was like a scene from Dante’s Inferno. Strewn with bloated corpses, wrecked cars, dead animals, piles of rubble, twisted metal roofing, and urban debris, … there was not a single landmark we recognized…in the lifeless broken landscape that was obscured by smoke and permeated by the stench of cordite and death.”
Look at your debts with the proper perspective. You can start fresh with no debt while keeping most if not all your assets with bankruptcy.
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Lawrence Bautista Yang specializes in bankruptcy, business, real estate and civil litigation and has successfully represented more than five thousand clients in California. Please call Angie, Barbara or Jess at (626) 284-1142 for an appointment at 1000 S Fremont Ave Bldg A-1 Suite 1125 Unit 58 Alhambra, CA 91803.