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Bankruptcy Excessive Spending

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Bankruptcy Excessive Spending

Bankruptcy excessive spending

Written and Verified by Ralph A. Ferro, Jr., Esq.

Bankruptcy and excessive spending habits are related.   However,  Turkeys should not be one of the factors that adversely affect your expenses.  This year, with the price of preparing the dinner, you may want to eat something else.      The average price in 2020 was $47.00.   Now the price  is up to $49.35.     Remember when the price of corn is up that affects the cost of turkey.  Turkeys eat corn that all trickles down.

Many people don’t like turkey but feel obligated to eat this bird.    I am one of them.   To keep your expenses down and actually eat something you enjoy, you may want to just cook what you like.   No need to spend more for something you don’t even enjoy.

I would not consider spending on Thanksgiving excessive spending that leads to bankruptcy.   However, all spending adds up.    

Expensive Spending is clearly shown below which could lead to filing Bankruptcy:   

$181,000 per person – that has been the cost of dinner packages in the past.

  • New York City’s Old Homestead Steakhouse sold  three thanksgiving dinner packages at $150,000 each.
  • New York City’s Old Homestead Steakhouse one-upped itself to offer the world’s most expensive Thanksgiving experience.  That time it reached a total price tag of $181,000.

Does $181,000 for your Thanksgiving Dinner make you happier?   I say no, it should do the opposite.

Who are the turkeys in this one?   This is clearly excessive spending which could lead to bankruptcy.

You should always evaluate your spending and your monthly expenses.   All spending adds up.   This year the costs of food is skyrocketing.   

Bankruptcy Excessive Spending are usually linked. 

If you find your monthly expenses cannot be met, call me for a free bankruptcy consultation.   I offer bankruptcy protection and will evaluate your financial situation.   I will determine if filing bankruptcy is right for you. 

Happy Thanksgiving and financial successes to ALL