Bankruptcy is a Tool, Not a Goal (Part 1)

Blog

Jul 06

Attorney David Krekeler defines the real goal for the legal client.

I spend a lot of time meeting clients. The initial conversation almost always begins with a discussion about goals and what the client would like to accomplish. I sometimes refer to this as their “wish list”.

Many clients tell me that their goal is to file bankruptcy. I then explain that bankruptcy is not a goal, but a tool to be used to accomplish the real goal. That real goal might be having enough money available to support the family or to save for retirement. It might be to protect assets which are threatened by creditors. It might even be to simply stop creditor harassment.

Sometimes bankruptcy will be the best means for achieving the clients’ goals. Sometimes it is not, and we will look to other methods. Just as with construction, or auto repair, or even surgery, using the best tool for the particular job will yield the best result.