In Bankruptcy and Life, Bankruptcy Law, Blog, Debt Relief

Is Bankruptcy Really Moral?

Many people might ask themselves, “Is this really the right thing to do, is it moral?”  The answer is yes, it sometimes is the best option. The concept of bankruptcy actually dates back to the time period of the Old Testament. It refers to the ancient Hebrews having their debts forgiven every seven years. There comes a point when a person has to ask himself, what is more important, my (or my family’s survival) or going under. Discharging one’s debts IS sometimes the more ethical and moral solution.The concept of debt relief is not new.

When things have turned around and one gets more affluent, he can then repay some of those debts or make donations to charitable organizations to offset any feeling of indebtedness to society. One would also want to ensure that the situation did not happen again and get further educated on handling finances and money.

If you are in financial trouble and need help filing for bankruptcy, set up an appointment with a Houston bankruptcy attorney at our firm to discuss your situation.You can contact the Malaise Law Firm by calling 800-226-5787.