Many people faced with the decision to file for bankruptcy protection are faced with the added pressure of a moral dilemma. They believe filing bankruptcy is wrong and immoral. They have been taught that you pay what you owe. Certainly many in the Christian community believe in their hearts this is correct. And it is , You should pay what you owe and most people never intended to find themselves in the financial difficulty they are experiencing. Most people intended to pay their debts and sometimes circumstances and events out of their control can overwhelm even the most well intended borrower. We neither endorse nor condemn those considering bankruptcy. It is a law that was put n place by the government to help people; It is the law of the land.
Why Do Bankruptcy Laws Exist
We live in the greatest country in the world. Our government recognizes that individuals in debt, unable to ever pay what they owe won’t be very productive citizens. Our economy thrives and prospers because of productive citizens. Drowning in debt you will never be able to pay back wont help anyone, most importantly yourself or your family. I suspect you have an obligation to them as well. The Bankruptcy statues in place are their to help, not harm.
Settling the Issue Of Bankruptcy Being Immoral
No one will be able to settle this issue except you. At some pint you need a place to begin a fresh start. Filing bankruptcy in Florida court may be that place. Many people faced with the moral dilemma of bankruptcy, get on their feet and pay back their creditors at some point tin the future. You can make plans to do just that. Others file Chapter 13 reorganization bankruptcy and the court sets up a repayment plan to creditors, albeit at a fraction of your original balances. This works to solve the issue for many Floridians.
The Worst Possible Decision for Filing Bankruptcy
Perhaps the worst decision you can make to file bankruptcy in Florida is to not make a decision at all. Moral decisions are among the toughest decisions to make. Delaying a decision is only going to prolong your fate. The sooner you make a decision the better for everyone involved.
In Summary
The moral dilemma surrounding filing bankruptcy is a real component of the decision and should not be taken lightly. The Laws of this land are in place for protection of its citizens. Romans 13:1-7 states: “Everyone must submit himself to the governing authorities, for there is no authority except that which God has established.
There is no law that says you cannot pay your creditors when you are able. Many people have repaid their debts years after the fact. You can get a mortgage after bankruptcy and you can rebuild your creditability
Carefully consider your options that the law provides and seek the counsel of a reputable Florida bankruptcy lawyer who can explain Florida bankruptcy laws and federal bankruptcy statutes
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