Bankruptcy not a necessary evil

Information about Bankruptcy not a necessary evil

Published on July 18, 2014

Author: chrylrgrossrgros

Source: authorstream.com

Content

PowerPoint Presentation: Bankruptcy not a necessary evil If someone is failing to pay his bills or time and earning a suitable income it isn’t always entirely him at fault. Sometimes under certain circumstances you just are not stable in life and cannot easily deal with your bills the same way as you did on usual days. A person may go really sick and remain unable to go to job for many days which can make him lose his monthly salary and may even leave him without a job. Such circumstances are not what someone might choose to live with. These are the kind of things no one expects to happen but they still do. Banks and lenders provide no room to deal with such situations and if you fail to make their payments on time they will further put a penalty on you which will further unable you to clear your debts. Money is necessary for survival and if you will give all that earn to lenders there will be nothing left to eat. No matter how good you might have planned things can turn into unexpected events during any instance of your life. Something you might have never thought will happen may happen and ruin your life. It is not fair to punish someone for something that he didn’t cause. Banks should change the way they look at people under such circumstances. The logic is very simple, suppose that you are a movie director in Hollywood and have a really great story which some producer is ready to finance. Now when the return on the movie will come once it has been released the profit will go to the producer of the film in the same way as you give interest on the money you took to your bank. Now what if the movie fails to leave a mark and earns nothing? Is the producer eligible to ask for the money he lost? No, why would he be? It was his idea to invest in the film, he had faith on the story that it will work and so did the director but if it failed the producer must except it that although the story was good but the prevailing circumstances didn’t let it succeed. Similar is the case of a bank, they too lend money only when they think the person they are lending the money will be able to pay it back. Unexpected events can happen in any one’s life so as long as you have a good bankruptcy lawyer San Diego on your side you don’t need to worry about getting back on your feet. In order to save your house and car from getting acquired by the bank make sure you hire a bankruptcy lawyer San Diego today.

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