Knoxville Bankruptcy Attorney Dan Scott discusses the burden of debt and its impact on your family in the video below. I meet with folks everyday who are over burdened with debt. Good people. Hard working people. Sometimes people working 2 or 3 jobs just trying to stay ahead of the bill collectors. I see folks going to work every day, not for their families, but instead for the creditors that they owe. I see families split apart because the constant stress of just trying to make it to “the next pay day.”

I’m going to share my heart with you today.

Don’t let the burden of debt destroy your family. We can help. Give us a call at 865-246-1050.

I often talk about bankruptcy terms to help you understand a little bit about what people say, what you read on Google. I talk with you about the process itself, the different steps and all that, but today I’m not going to talk about that. What’s on my mind today is the impact that the burden of debt has on families. You know, one of the things that I’ve seen this week is the impact that debt has on families. I’ve seen it because some of the folks that I’ve met with this week wept as they talked about how the debt had impacted their families, because you see what happens when you get behind and behind and behind, you get into this cycle of trying to make it to tomorrow.

Now maybe you never experienced that. Maybe you’ve never really had to figure out how do I make it to tomorrow, but many of the folks that I visit with try to figure that out on a daily basis. You know, I’ve sat with them and they’ve counted down the days until their next check comes and then they write down what they’ve got to spend. Maybe that’s you.

Because what happens is debt, when you get over burdened with debt, what happens is your whole world is about how do I make it to tomorrow.  Then because you’re trying to make it to tomorrow what happens is you go down to one of these Cash Advance places. It’s a simple thing, you write them a check for $200, they’re going to give you a $160 back. And you know that check’s not any good, they know that check’s not any good. But what they know is that the next week you’re going to come back and write them another check for $200 and you’re going to give them $60. In two weeks you’ve paid them $120 to get a $140.

Now when that third week comes, and this is really on a two weeks cycle, when that third week comes, all of a sudden they’re in the money. But do you know what? For most of my clients, there’s not any way for them to get out of that cycle because they can’t build up the 200 to come and redeem that check.

Debt will put you on a cycle where no matter what you do, you can’t get past the debt.

That’s what debt will do to a family. It puts you on a cycle where you, no matter how hard you work, no matter how much you cut your budget, no matter how far you cut back, literally almost no matter what you can do, you cannot get past the debt.

What happens is debt will drive a wedge in the marriage.

It impacts relationships. I’ve had families sit with me and the husband would apologize to his wife sitting right there in front of me, apologize for letting her down. The wife often times would apologize to her husband. No doubt they both made the same decisions.

Do you think that your kids are oblivious to the fact that you and your spouse are constantly talking about not having any money? Or about what you’ve got to pay out of this week’s paycheck? They’re not oblivious to that. In fact, truthfully, you can’t hide anything from these kids. They know too much. They see too much. But you know what? They love you and it breaks their heart when they see you so worried.

So today I want to tell you that there is a solution. There is a solution. You can get free of your debt in a bankruptcy case under most circumstances.

Perhaps you’re behind on your house. You can’t figure out how to catch up, you’re three payments, four payments behind. Honestly, once you get two payments behind how are you going to get your house caught up? Probably not unless you file a chapter 13 bankruptcy case.

Just understand that debt makes your family pay a huge price, but there is a way out. But you’ve got to make the decision that, “I’m not willing to live like this anymore.” 

Then maybe come and see me. Maybe I can help you.