Can Bankruptcy Be A New Day?

nervous couple looking at their bank statements


By:Michael A. Cibik

I’ll admit that most of my clients never wanted to come see me.  Most of my clients are embarrassed by the fact that they even must ask about filing bankruptcy.  Struggling with debt is hard and it can literally suck the life right out of you.  For most, it seems like the end of the world.


Generally, when I speak with folks, the stories revolve around the same themes.  They have tried their best to manage their finances but through one thing or another, they just can no longer juggle the debts.  They are constantly badgered by telephone calls demanding payment immediately.  They are tired of going to the mailbox to get another batch of letters with red print shouting “pay now!”  They are tired of a sheriff’s deputy showing up at their home to serve yet another lawsuit against them.


Yet, once a bankruptcy case is filed, these problems go away.  As Jill Michaux explained, the crushing weight of debt is lifted off your back.  Because of the automatic stay, you will no longer receive collection calls or visits from the sheriff.  But, once your case is over and your debts discharged, you will find a new financial future.  To be sure, as far as credit goes, it may be initially more difficult, but credit is available.


The simple fact is that bankruptcy is not the end of the world.  It is a new beginning-a fresh start.  Just as the night is darkest before the sunrise, so it is with the bankruptcy world.  Once you decide that you are tired of laboring against insurmountable debt and take the action to rid yourself of that debt, the sun starts to peek through the horizon.

Michael A. Cibik, Esquire

Michael A. Cibik is a partner at the Philadelphia law firm of Cibik & Cataldo, P.C. He is one of the few bankruptcy attorneys in the Philadelphia area certified by the American Bankruptcy Board.

If you or someone you know is having financial problems, stop worrying and call Michael at (215) 735-1060 for a free consultation.


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