Spring is a season of new beginnings and hope for the future. For many people, this same feeling of hope carries over into their finances. Perhaps that is one reason why personal bankruptcy filings tend to spike in spring.
Debt is a common struggle for many individuals. Although it is sometimes difficult to consider bankruptcy as an option, in many cases, bankruptcy really is the best choice. This is particularly true for those who are not making progress on erasing debt. Just as spring offers nature a fresh start, bankruptcy can offer people in debt a fresh financial start that gives them hope for the future. Instead of interest payments, money can go toward retirement, saving for college and other productive uses.