The North Carolina Bankruptcy Information Blog

I’ve never known a person who believed that declaring bankruptcy was an easy solution to their problems. I have never heard anyone suggest that bankruptcy should be used as a tool to intentionally shaft creditors out of spite, or to gain power. Nor have I come across anyone who garnered some sort of perverse pleasure in leaving legitimate creditors, be they large companies or individuals, to twist in the wind.

What I have seen is honest, hardworking people from all walks of life: young, middle aged, or nearing retirement age, who stay trapped and buried under a mountain of debt out of a sense of honor and duty to repay it, even with very little prospect for doing so.…

People often have a hard time coming to grips with the decision to file for bankruptcy. Many feel that is morally wrong to do so; that we have an obligation to pay the debts off that we incur during our lifetimes. We are taught that there are consequences to our actions; that if we do ‘A’ that we will have to deal with ‘B.’ For some, bankruptcy flies right in the face of a concept that we all grew up with- taking responsibility for our actions.

There are actually two verses that refer to the concept of debt forgiveness, and much in the way that they are dealt with now.…