6 Thoughts on Bankruptcy

May 19, 2017

 

Bankruptcy.  It’s a word that evokes a lot of differentgavel and scale emotions and responses.  “It’s a cheap way to get out of debt.”  “Or perhaps it’s the fresh start someone needs.”  “But if they hadn’t gotten themselves into debt in the first place.”  “Then again, they didn’t choose to get sick and end up with the medical bills they have.”  “I pay my bills so why can’t they?”  “I can’t pay my bills so what’s wrong with me?”

The comments could go back and forth for ever and certainly have since the advent of bankruptcy.  In reality, bankruptcy is not the right answer for everyone, but it may be the best option for some.  It’s not always an easy choice to make. Read the rest of this entry »


Spiritual AND Financial New Beginnings

March 31, 2015

As we journey through Holy Week and Easter, the LSS blog topics are following a theme of “New Beginnings”. Each day, a different department will post a relevant topic that follows the theme of the week. Check back each day for a new post. Today’s post comes from the Center for Financial Resources.

Ahhh, Holy Week. For those following the tradition in the church year, it is the culmination of 6 weeks of reflection, repentance, sacrifice, and various other not-so-joyous activities. It started with Ash Wednesday when people went to church to have someone rub ashes on their forehead (a sign of mourning) and comes to a cataclysmic ending on Good Friday when we remember Christ’s death on the cross. Really? You call that ‘good’?cross_sunset_sunrise

It is good. It was on that Friday that Christ died to forgive our sins so that we can have eternal life in heaven regardless of our own merit or worthiness. How’s that for good? Easter is a huge celebration as it celebrates the new life, the new beginning that we have in Christ’s death and resurrection. Given our theme for this week, how do I connect that to financial wellness? Well, here we go…. Read the rest of this entry »


Medical Debt Survival Guide

January 28, 2014

Medical bills sending your reeling?

Image courtesy of Vichaya Kiatying-Angsulee / FreeDigitalPhotos.net

Image courtesy of Vichaya Kiatying-Angsulee / FreeDigitalPhotos.net

According to the Kaiser Family Foundation, an estimated 1 in 3 Americans report having difficulty paying their medical bills – that is, they have had problems affording medical bills within the past year, or they are gradually paying past bills over time, or they have bills they can’t afford to pay at all.1 Read the rest of this entry »


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