Friday, August 17, 2012
Olympian's Family affected by Bankruptcy
For families across the country, times are tough. Many of us are facing foreclosure, bankruptcy and other financial obstacles. These burdens reach deep into American society, affecting many different families.
Although you may feel embarrassed or ashamed of reaching out for help, it is important to do so. It's been tough for most of us, and there is no shame in finally facing your financial situation.
During the Olympics in London, gold-medal winner Gabby Douglas wowed the country with her gymnastic skills. Like other Olympic athletes, Douglas is inspirational. She gives us all something to be proud of and something to look up to. Her mother also became a source of inspiration when she spoke openly about filing for bankruptcy. The single mother of four was supporting her family on $30,000 a year, and she isn't embarrassed about filing for bankruptcy, according to the New York Times.
By reaching out to a bankruptcy attorney, you can begin the process of determining whether bankruptcy is right for you. If you are facing mounting debt, bankruptcy is one of many options you can consider to start managing the situation.