Debt is a legal problem.
When finances are causing legal and personal trouble, there are legal and credit restoration options people need to be educated about.
For anyone who can pay their bills, the information here is presently useless.
If you can pay, you should pay.
Everybody.
All the time.
No exceptions.
It is that simple.
Things might change however and the same question arises over and over.
"What happens if you cannot pay?" Our premise is that traditional and conventional rules apply.
Pay the critical bills.
Everybody else waits while you develop a plan.
Don't panic.
Use time, negotiation and the court system and in 2 to 4 years, you will be back on track.
In other words, prioritize your bills from most critical to least critical, and then proceed accordingly.
That is why this news headline just grabbed me: "States May Hold Onto Tax Refunds For Months" The jist of it was that due to cash flow problems, some states might delay paying off tax returns until it is convenient for them.
Like an individual, the states are deciding which bills to pay first, and which to shelve.
What happens if the government cannot pay? Many states, like all the regular citizens have money trouble.
As they run through their own analysis, look who they decide are not "critical" creditors.
Us.
The difference is the government has the power to raise revenue through compulsion.
It can raise taxes.
It can jail people who do not pay.
The government, already asleep at the wheel, throws us under the bus first.
How long do we stand for this before we take over leadership of our own lives, our own families, our own communities? We never needed this kind of leadership in the first place.
When finances are causing legal and personal trouble, there are legal and credit restoration options people need to be educated about.
For anyone who can pay their bills, the information here is presently useless.
If you can pay, you should pay.
Everybody.
All the time.
No exceptions.
It is that simple.
Things might change however and the same question arises over and over.
"What happens if you cannot pay?" Our premise is that traditional and conventional rules apply.
Pay the critical bills.
Everybody else waits while you develop a plan.
Don't panic.
Use time, negotiation and the court system and in 2 to 4 years, you will be back on track.
In other words, prioritize your bills from most critical to least critical, and then proceed accordingly.
That is why this news headline just grabbed me: "States May Hold Onto Tax Refunds For Months" The jist of it was that due to cash flow problems, some states might delay paying off tax returns until it is convenient for them.
Like an individual, the states are deciding which bills to pay first, and which to shelve.
What happens if the government cannot pay? Many states, like all the regular citizens have money trouble.
As they run through their own analysis, look who they decide are not "critical" creditors.
Us.
The difference is the government has the power to raise revenue through compulsion.
It can raise taxes.
It can jail people who do not pay.
The government, already asleep at the wheel, throws us under the bus first.
How long do we stand for this before we take over leadership of our own lives, our own families, our own communities? We never needed this kind of leadership in the first place.