how people in debt can learn a lesson from LeBron | memphis bankruptcy attorneys

LeBron is gaining flexibility in his life; you can too if you’re in debt

By: Darrell Castle

If you’re a basketball fan (and probably even if you’re not), then you know LeBron James has announced he’ll opt out of the final two years of his contract with the Miami Heat to become an unrestricted free agent.


Now, this doesn’t necessarily mean he’s leaving the Heat; he obviously has motives with this move, but there could be a few different possibilities.

  1. He could leave the Heat and sign with another contender who he thinks has a better chance of winning a championship
  2. He could sign a bigger contract with the Heat and make MORE money. 
  3. Or, he could put pressure on the Heat to build a better roster around him and then resign with them for a bargain contract.

What lessons can someone struggling with and being controlled by debt learn from LeBron? When you have the chance to establish flexibility in your life, DO IT.

“Being able to have flexibly as a professional, anyone, that’s what we all would like,” LeBron said. “That’s in any sport, for a football player, a baseball player, a basketball player, to have flexibility and be able to control your future or your present. I have a position to be able to do do that. … There’s a lot of times that you’re not in control of your future as a professional.”

LeBron’s quote can be applied to your everyday Joe. When you’re in debt, the deeper you are, the more you become controlled and enslaved by it. Instead of working to pay your bills and enjoy your money, you’re working to pay off your debt that continues to build up. It can become frustrating and demoralizing and you may not know which end is up!

But, what if I told you that you could make a decision to opt out of that debt and gain flexibility. I’m talking about filing for bankruptcy.

By filing for bankruptcy, your debt can be discharged through a Chapter 7 or lumped into an affordable 3-5 year repayment plan through a Chapter 13. Then, once the bankruptcy process is complete, you have a clean slate and a fresh start to begin spending the right way!

At Darrell Castle & Associates, we know the decision to file for bankruptcy can be a tough one, but the process is certainly easy with our experienced attorneys. Our attorneys not only want to help you get out of debt through a bankruptcy, but would also love to help you strengthen your financial future.

That’s why you should ask our attorneys about “7 Steps to a 720,” our credit restoration program offered to our clients for free. This program teaches you secrets the banks don’t want you to know in regards to re-establishing and rebuilding your credit the right way.

If you have any questions or if you’re considering filing for bankruptcy, you can speak to one of our attorneys, free of charge, by calling (901) 327-2100 or filling out one of our online contact forms.


(Disclaimer: Darrell Castle is a fan of the Memphis Grizzlies organization and was pulling for the San Antonio Spurs in the Finals)