Kentucky Bankruptcy Law

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A New Year and a New Hope

I’ll warn you in advance that this particular post gets a little sappy and dips into spiritual themes. If that is not for you, I do not apologize, but I do give notice. Historically, the practice of law was intimately and inseparably tied with spiritual matters and religion. Something went wrong along the way and the spirit was wrung right out of the law. Thus, there are many unhappy and hope-less attorneys. I choose otherwise and this New Year’s Eve is a ripe opportunity to delve into that choice a bit.

People thrive on hope and this time of year is full of messages of hope. The birth of the Christ child brought the ultimate message of hope, redemption and renewal and so we celebrate Christmas. The need for hope seems universal and one sees the theme play out again and again in the stories of our lives and back into history. Thus, with the renewal of the calendar, we celebrate the ending of 2009 and the start of 2010. There is nothing magical that happens between 11:59 pm and 12:00 am tonight, but we see the new year as a symbol of new hope; a fresh start.

This brings to the fore why I love practicing bankruptcy law: it brings to people a new hope and a fresh start. It is unlike family law that is typically about the end of hope and the close of things (except adoption!), criminal law that is about punishment, or even personal injury where the focus is on pain. Certainly those other areas of law do involve hope and restitution, but it is not the focus on the same level as bankruptcy law.

Certainly, bankruptcy is not a step to take lightly and one should never mistake the legislated ability to discharge one’s debts with some sort of entitlement to avoid financial responsibility. Conversely, one should not mistake the act of taking bankruptcy as a sin unto itself. Rather, bankruptcy harkens back to the year of jubilee discussed in Deuteronomy Ch 15 and elsewhere in scripture. It is a real life example of hope and redemption.

The vast majority of people who contemplate bankruptcy are hard working people and these are the folks I want to help. Perhaps they made a series of innocuous mistakes that ended up with catastrophic results. Perhaps an illness or the anonymous and uncaring force of the economy left them without means. Perhaps sin such as a gambling addiction or a shopping compulsion lead to the point of insolvency. Regardless, bankruptcy offers the promise of starting fresh financially. The lifting of a financial burden can open up hearts to hope for other more significant and deeper renewal. And so, I enjoy practicing bankruptcy because it breeds hope.

Sure, there are some people who abuse the system. They run up debt with every intention of walking away from it. They become serial bankrupcty petitioners. I am sure they are out there, but they are a slim minority. I invite them to go down the road to that law firm that advertises on the television. If you have read this far, you are not one of those folks.

Also, if you read this at all, it is likely that you are hurting financially. I encourage you to consult with an attorney to learn about your options. Bankruptcy may not be necessary; you may benefit from a quality non-profit debt reduction agency such as Apprisen (they have an office here in Lexington). If, however, the debt your are under is overwhelming you and the resources just are not there to get out without losing your home and important property, then do not wait too long to consider bankruptcy. Give yourself the gift of hope on the financial front and then see that hope multiply.

December 31, 2009 Posted by | Bankruptcy, Life & Law | , , , | Leave a comment