As a bankruptcy lawyer, I continue to remind my clients that decreasing their expenses and future spending are important. If clients advise me they are moving, I ask them to look to: Decrease moving expenses before hiring a mover.
Moving expenses are significant.
Here is an example of a Bankruptcy debtor’s decision on moving expenses:
Decrease Moving Expenses:
- Recently my relatives were moving out of state
- They could not afford to live in NJ.
- They filed for bankruptcy and were on their way to a fresh start and getting back on track
- Most of their personal belongings were packed and moved in a van on their trips to their new location.
- They decided to pay a moving company to take some of the larger items.
- I asked what they considered to be larger items?
- Response: a flat screen TV approximately 42”, pot/pans, vacuum cleaner, area rugs, small desk, larger pictures, large Christmas tree and decorations, outdoor picnic table. All items were over 10 years old.
- The cost to move these items was approximately $3,100.
Do you need to move items or leave them behind?
- After filing bankruptcy, review your moving expenses ahead of time.
- Think about leaving these items behind and purchasing new.
- You probably could buy brand new of all these items and spend less.
- Go on-line and sell your items through social media, Facebook local sales are great and free.
Bankruptcy is a great way to get a fresh start. However, you need to do a thorough examination of all your future financial decisions.
I care about my clients’ future financial successes; call me for a free consult.
Bankruptcy can be an option for you.