Bankruptcy Ethics and Money


Question: I recently found myself in an impossible financial situation. I sought alternatives to bankruptcy but filing was the only way out. For years I'd dragged this debt behind me from a failed marriage, and it kept getting larger, due to the exorbitant interest, as I hopelessly whittled away on it. I know there is a lot of stigma about this solution to money issues, and that it is often misused, but I felt like it released a lot of negative energy from my past, and let me get on with my life in the present. So many people go through this, and few people want to talk about it. What is your take on the ethics of bankruptcy and how to let go of self judgment.

Answer: Hello, dear one. Thank you for this question. We could spend several days discussing the different complications that come along with the financial problems you described in your question, and the overall state a person enters when they consider bankruptcy. To illustrate my answer I would like to break down this subject into a few different topics. This way, I can provide a bit of insight overall.

Let’s start with the creation of the financial crisis. Generally it takes a series of unfortunate events to lead up to the consideration of bankruptcy. Usually the events that impact a person’s financial state to this extreme level were not created solely from their actions, but from co-created circumstances. In this way, the responsibility for the financial hardship is created from relationships.

We do live in a collective environment, and as we commingle with others, we inherit their values, habits, and patterns. Therefore, the financial agreements that stem from involvement with others can ripple into our lives and interfere with our intended financial direction. This can create chaos, confusion, and sometimes serious financial hardships. Some examples of this are complicated divorces where a person is left with debt, and little assets. Another is a failed business. Another is losses of money through unintentional or unexpected means. When in a situation like this, we have an opportunity to grow and learn how to make different choices. And we also have to consider how to move forward with greater levels of response-ability.

There are also those who do not understand how to work with debt, or have not yet developed the ability to attract abundance. This problem can stem from a variety of limiting beliefs and misunderstandings. Again, here we are at a place to learn, grow, and make different types of choices that allow empowerment.

In situations like the aforementioned, there are always opportunities to reflect and learn. Usually a person begins by looking back on the situation. They wish they had done something different or had been more aware. They may wish they were more conscious or made better choices. But when you get to a certain place...there you are! And from that place, you have to decide what choice to make to move forward in the most response-able way. I choose these words quite intentionally, because that is really the essential point to the answer of this question. So, when analyzing the choices, keep in mind that responsibility is having the ability to respond to life. Sometimes filing bankruptcy is the most viable option for taking response-ability of one’s life.

Now, yes, there can be a stigma in the collective minds of some regarding the implied failure that creates a bankruptcy. If so, this is an opportunity to heal a lot of the shame vibration--the negative collective thoughts associated with financial complications that imply financial failure--since truly a healing is taking place.

Money is energy, dear one. An action such as declaring bankruptcy represents an opportunity to declare a new, money-energy direction. With this action you also accept the collective agreement upon which bankruptcy is structured. You now have a new agreement with money and you enter into this collective relationship. For some, this can be a wonderful choice (if this direction gives you the greatest amount of response-ability). Sometimes a person can get to a place where bankruptcy is their very best consideration. At other times there are viable options that require some ingenuity and honesty, and will also enable a person to move through their financially chaotic state. All options need to be weighed. Then the choice can be made on what provides response-ability, and provides the greatest amount of healing.

Bankruptcy can provide a dynamic structure for healing, reshaping, and clearing as one gets free from debt. Alana feels the most essential point is to determine what choice or action will provide the greatest amount of healing, and what gives the person the greatest amount of response-ability. From there the rest is the past, wanting to be let go, so that the future can be created from new awareness, greater levels of empowerment, and in alignment with collective awareness.

When dealing with levels of shame that can arise, look at your judgments, attitudes, values, and the collective beliefs. Then go into the self, align with spirit, and rekindle the sense of true self. We are not how much money we have within our pocket book or our bank account. We are spirit in a physical body, and we are learning how to work with the rules that are implicit within the physical universe.

It is important to be compassionate toward yourself. It is also important to be compassionate with others and recognize that we are all learning about our own self-worth. We are all learning how to be unique expressions of All-That-Is. We are all learning how to live together.

If absolution of debt is available as an option--like bankruptcy, for example--a person can embrace that means as a possible choice. Remember that the now, this moment where you are today, is where your future starts. Make whatever choice supplies the greatest amount of response-ability.

Thank you, dear one, for this wonderful question. Hopefully, my answer provided some useful insights into the issues that arise when encountering a crossroad such as this.

--Alana