Suicide is a permanent solution to a temporary problem.
to their deaths from their office.
Over debt problems.
A broke Manhattan chiropractor and his wife jumped to their deaths from an office building Friday — leaving suicide notes describing how they “cannot live with” their “financial reality,” law-enforcement sources said.
. . . . But the note took a dark turn, describing the couple’s “financial spiral,’’ sources said.
I blog about debt issues, and remedies, including student loan debt.
Which was one of their issues.
But one lien against from September showed the couple owed $23,304 in federal taxes, while another in April 2015 indicated a $232,295 debt.
In 2013, the feds took legal action against Scarpelli for failing to pay back a nearly $60,000 student loan he took out in 2000 while studying at the Logan College of Chiropractic in Chesterfield, Mo.
While challenging, there are ways to deal with student loan debt. And income tax debt.
Anyway of dealing with debt is preferable to suicide.
As humans, we seek pleasure, and avoid pain.
There is lots of pain short of suicide, and, frankly, pain is what brings people into my office.
One of my clients told me he read it was two years after being actually bankrupt before people would file for bankruptcy.
There is a perception that bankruptcy is a painful, embarrassing process. And most of us are humiliated when we cannot pay our bills.
When the paid of not having enough dollars, of garnishment, foreclosure, repossession, the threatening calls, becomes greater than the pain of filing bankruptcy, that is when folks call.
Being afraid to contact an attorney, you do not find out what different bankruptcy options can do.
Chapter 7 bankruptcy is wipe out the debt, Chapter 13 is a payment plan.
Not necessarily a 100% payment plan.
Always best to explore options before you make a decision, about anything.
I know New York is an expensive place to live, but
According to a 2016 GOBankingRates study, the No. 1 cause of financial stress for people in New York is paying down debt, with the average balance per person hitting around $50,000.
What you read about bankruptcy online or hear from your “friends” may not be the law. Most of what I am told people have heard is, WRONG.
Talking to someone today who thought IRS debt was not dischargeable in bankruptcy. It is, if it is for your tax, not your employee’s, and you filed the returns more than two years ago, and some other conditions.
Yes, even student loan debt can be discharged in bankruptcy, in the right circumstances.
Contact an expert.