Have you have been considering bankruptcy for a while but are embarrassed about the idea of filing it? Maybe you’re worried about your friends and co-workers finding out and attempting to hide your financial distress. Or maybe you think that there is another way to get out of debt and that with a little time, your financial problems will go away on their own. Before you wait too much longer, consider this: multiple celebrities and high-profile business owners have filed bankruptcy to get back on track financially. There is nothing embarrassing about it and everyone has made poor financial decisions.
In fact, this month, Gary Busey – an American film and stage actor best known for his acting in Gunsmoke, Walker, Texas Ranger, Law & Order, and Entourage – filed Chapter 7 bankruptcy. Busey received an Academy Award nomination for Best Actor in The Buddy Holly Story. In addition to Busey, Gary Coleman, Burt Reynolds, Jerry Lee Lewis, Anna Nicole Smith, Sarah Ferguson (Duchess of York), P.T. Barnum, Donald Trump, Patricia Kluge, Abraham Lincoln, Walt Disney, and other famous celebrities and business people, all filed bankruptcy.
What this means is that you should never be embarrassed to take advantage of the debt relief that is legally and rightfully available to you – the same relief that billionaire Donald Trump took. No one is perfect, and every day, people make unwise financial decisions. Beyond this, lost jobs, divorce, unexpected medical expenses, a bad economy, and a host of other situations can blindside even the smartest of financial plans, leaving you unable to pay your monthly bills and sinking further and further into debt.
Filing bankruptcy is a smart move for a lot of people right now. Sometimes, debt relief through bankruptcy is not only the smartest option – it’s the only option for getting out of debt. Don’t delay the inevitable, thinking that your financial problems will go away on their own, especially when you have a legal option to forge a fresh financial start.
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