Debt

Debt seems to be a popular subject for me on this site. Most of you (if you have been reading my site for long) know that our business of 18 years has not been doing that well recently. Some days I feel that everything is going to be OK, and other days I feel like we are NEVER going to survive. Today I am OK.

Our debt is mostly our fault. We definitely over extended ourselves while business was good. We never could have imagined our 18 year old business going downhill like it did. That being said we made our own bed.

I think it is too easy for people to walk away from debt these days. Too many people just do not take care of their responsibility and use the excuse that the creditor is the bad guy. Many say that they were easily influenced by marketing and advertising campaigns. The problem is these companies live off our greed. It is not the creditors fault that we are greedy people. They provide a service that is DEMANDED.

I know the only way that this family will survive is to increase business and decrease our need and greed.

We are not quite in the position that we require debt help such as an IVA. But debt consolidation would be an attractive option. I do wish there was a plan for individuals (like are available for corporations) where you can file for creditor protection. You agree to pay the loan you just need a year or so to get back on track.