Last week, the stock market went through some scary moments, and a lot of people lost their investments or were in a state of panic.
As a result, Starbucks CEO Howard Shultz told employees all over America to be sensitive to their customers:
“Today’s financial market volatility, combined with great political uncertainty both at home and abroad, will undoubtedly have an effect on consumer confidence and perhaps even our customers’ attitudes and behavior. Our customers are likely to experience an increased level of anxiety and concern.”
It was a thoughtful response to the crisis, and I wish more people would be so understanding.
Unfortunately, debt collectors probably don’t feel that way.
- They don’t care about how the stock market crash affected you.
- They don’t care if you’ve suddenly lost your job.
- They don’t care about your unexpected medical bills.
They don’t care, because they’re not allowed to care. That’s not their job. Their job is to collect the money you owe, no matter what.
Fortunately, Chapter 13 bankruptcy is set up for exactly the problems above. It’s designed to help you when unexpected losses come up and you’re no longer able to pay your bills the way you used to.
So if you’re going through a challenge, whether because of the stock market, or health problems, or job loss, or all of the above, we have good news:
Creditors might not be sensitive to your situation, but we are, and so is the law.