I follow a number of bankruptcy blogs and today read a great post by a bankruptcy attorney in Kansas City, Missouri, about reality and bankruptcy. Rachel Foley makes the point that the so-called "reality" shows have twisted our view of the world. Many of us try to emulate any number of people in these shows and end up both spiritually and financially bankrupt. You can read Rachel's entire post here:
http://www.bankruptcylawnetwork.com/trying-to-live-like-a-reality-star-may-lead-to-bankruptcy/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BankruptcyLawNetwork+%28Bankruptcy+Law+Network%29
One of the key points in her post is that bankruptcy is designed to give people a fresh start, and you can't make a fresh start by continuing to spend more than you make. You can get rid of your debt, but if you continue to live beyond your means, in five years you'll be in debt again. Bankruptcy requires some hard decisions and may involve some pain as you give up a lifestyle that you can't support. The client who says, "I want to get out of debt but I don't want to give up my boat" won't make a fresh start because he hasn't realized that owning a boat just isn't in the cards for him right now.
If you're not willing to engage in some soul-searching and make some hard choices, bankruptcy isn't a fresh start. That might sound harsh, but that is reality.
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