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Bankruptcy Alphabet: L is for Life

By Cathy Moran

What was omitted from bankruptcy schedules

In my bankruptcy alphabet, L is for the Life you can get back when you get rid of your debts.

My bankruptcy clients are often simply consumed by managing their debts.

There is no room for rest, savings, dreaming.

Life has become the struggle to make the next round of payments.

L could also be for Lift, the lifting of a weight that many don’t realize they are carrying around until they know that most debts can be discharged in bankruptcy.

I also hope that L could stand for Less.  For a Life less made of up things, of keeping up with the Joneses, with the quest for the newest, greatest gizmo that our consumption driven society touts.

Wouldn’t it be Lovely?

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Image courtesy of Chrisinplymouth

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Filed Under: ABC's of bankruptcy, Consumer Rights

About Cathy Moran

I'm a veteran bankruptcy lawyer and consumer advocate in California's Silicon Valley. I write, teach, and speak in the hopes of expanding understanding of how bankruptcy can make life better in a family's future.

Bankruptcy Basics

About The Soapbox

You’ve arrived at the Bankruptcy Soapbox, a resource of bankruptcy information and consumer law.

Soapbox is a companion site to Bankruptcy in Brief, where I try to be largely explanatory and even handed (Note I said “try”).

Here, I allow myself to tell stories and express strong opinions. We dig deeper into how to consider bankruptcy and navigate a bankruptcy case.

Moran Law Group
Bankruptcy specialists for individuals and small businesses in the San Francisco Bay Area

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Those considering filing a Chapter 13 bankruptcy worry about "what happens to my bank account?" Will the trustee take all the money? How do I pay my living expenses after I file? The short answer is: nothing changes. The account remains yours and available for all the expenses of day to day living. Because, … Read more

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