Bankruptcy Made Simple

How to avoid the debt problem

madesimple — Sun, 08 Nov 2009 23:50:27 +0000

I believe that debt can best be avoided by proper budgeting and living within one’s means to start off with. That means including in that budgeting a savings plan so you are building up a cushion in order to allow you to better survive the lean times. It’s just like the story in the Bible [...]

Post from: Bankruptcy Made Simple

Debt Counsellor Interview

madesimple — Fri, 06 Nov 2009 23:27:05 +0000

I remember we had one client, a woman, who had an obvious drink issue. I am not sure if the debt caused the drink or the drink caused the debt, but there was definitely a problem there. She came into the office with bandaged arms, and I sensed that something was wrong. We got her [...]

Post from: Bankruptcy Made Simple

What is a Creditors’ Meeting?

madesimple — Thu, 05 Nov 2009 23:19:55 +0000

In the past, when the legislation was first put together 19 years ago, there would actually be a physical creditors’ meeting. The creditors would sit at a table looking at the client, and the Insolvency Practitioner would sit there reading out the proposal. Nowadays, however, people do not go to the inconvenience of calling a [...]

Post from: Bankruptcy Made Simple

Self-esteem and debt

madesimple — Wed, 04 Nov 2009 23:50:01 +0000

One major emotional reason for falling into a debt crisis is low self-esteem. If people have doubts about their own character, or a general sense of inferiority, they may be compelled to attempt to compete with or strive to supersede others through the accumulation of material possessions; that is, they will compensate for their anxiety [...]

Post from: Bankruptcy Made Simple

How to avoid getting into debt

madesimple — Tue, 03 Nov 2009 23:52:25 +0000

Post from: Bankruptcy Made Simple