In life we can experience many life challenges. Loss of a loved one, loss of a job and loss of our health are things that can happen to any of us. When traumatic things happen, we sometimes have to go through a financial surgery to overhaul our finances and get us back on track. Sometimes that financial surgery includes bankruptcy. Bankruptcy is not a dirty word. I don’t immediately recommend it unless it is a last resort. However, sometimes it is necessary. Contrary to popular belief, not everyone who has ever filed for bankruptcy in their lives has mishandled their money or run their credit cards up to the limit. This is simply not true. Everyone’s situation is different and it can happen to anyone. There are lots of bankruptcy myths out there and I wanted to set the record straight that it isn’t the worst thing in the world to do. You won’t lose everything you own and you can bounce back. As a business owner who had to file years ago, I am here to tell you that filing was the best thing for me at that time. Even though it was something I didn’t want to do, it was the best thing for me and my business at the time. In life, we have to do what is best for us to propel us to the next level. In this month of October, make sure you assess your financial situation carefully and do what is necessary to get your financial life in order.

Theresa wears many hats as the head of her own event planning organization, networking organization, speaker, author of several books including, “Not Built To Break – Becoming Resilient Through Life Challenges” and “Top Level Connections – Tips To Become A Master Networker.” She is also married to her partner in life and business, and the man she adores, Charles L. Brown Jr.

WI Guest Author

This correspondent is a guest contributor to The Washington Informer.

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