Steven J. Richardson
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Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.

Many people believe that there is something shameful about filing bankruptcy. They see it as a failure to honor a commitment that they made to their creditors upon which they are now reneging. In their minds, it is morally wrong.

Bankruptcy Is Not Morally Wrong

Nothing could be further from the truth, however! I was in a Baptist church yesterday attending the presentation of two children born into my extended family, when the pastor gave a sermon on Deuteronomy, chapter 15, verses 1 to 11. I was quite struck with the words:

At the end of every seven years you must cancel debts. This is how it is to be done: Every creditor shall cancel any loan they have made to a fellow Israelite. They shall not require payment from anyone among their own people, because the Lord’s time for canceling debts has been proclaimed. (Verses 1 and 2).

What is even more interesting is that, until October of 2005, the bankruptcy laws allowed people to file a (chapter 7) bankruptcy once every 7 years! Although the 2005 revisions changed this to 8 years, you can see the Scriptural parallel!

Forgive Yourself With Your Debts

So, if your time has come, it’s okay. It is in the cycle of things that debts be forgiven, especially if they weigh you down so much that you find little happiness in your life. Discharge is also called “debt forgiveness.” If your creditors can forgive you your debts, you can forgive yourself for being unable to pay!

I May Be Able to Help

If you are in the Gloucester County, New Jersey area, and your debt has been weighing on your mind, feel free to call my Woodbury office at 856-432-4113 or contact me through this site to schedule an appointment for a consultation. We can talk about your situation. It won’t make you a bad person, but it might just make your life a bit better!

If you have more questions about bankruptcy, then download my free book,Top Questions People Ask About Filing Bankruptcy in New Jersey.

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