Personal bankruptcy and wrongdoing do not go hand in hand
Mea Culpa Time
This space is not the place I want to be in trouble.
My blind spots are always linked to my blunders.
It was a week ago that I wrote about the internal theft at the Community Shelter Board of more than $ 350,000
I asked Michelle Heritage, the executive director of Michelle Heritage, if they failed to perform their oversight as Michelle Heritage was a dishonest employee at the agency that provided such large amounts of federal rent assistance so I file bankrupcy at https://bankruptcyhq.com/. Three other people, who were not the owners of the agency and identified as coconspirators.
Theodore Decker:Community Shelter Board Theft raises questions
Given her access to the checkbook and discretion, I wondered if the employee was vetted.
My opinion was that there were many red flags that could have been a cause for concern. Although I won’t go into detail, they included a history of
personal bankruptcy and small claims disputes.
Some readers disagree with the assertion.
There were many reasons to believe that I unfairly linked personal bankruptcy with wrongdoing. While I had intended to concentrate on one person’s situation only, I ended up dragging a lot of people into the mud.
One man sent me an email saying that he felt unfairly had painted many people with similar problems in a broad brush. There are many people who also have financial problems but would never steal from their employers. But you made it seem that not all people with similar issues are trustworthy. It is a very damaging act. It’s a bad idea to do this, especially if you don’t know the reason for their deposit.
He said, “Don’t use the same brush with criminals as people who have had bad luck.”
He made a valid point. Christopher Gallutia, another reader, made the same point.
Gallutia has More Experience
Gallutia has more knowledge in this area than me. Gallutia is a bankruptcy attorney with more than 30 years’ experience in Greater Columbus.
I was given permission by him to share some ideas with you.
He stated that studies have proven that the vast majority of statements are not caused by irresponsible funds. “The Harvard study of 2005 found that 62% of filings were due medical reasons. The more recent CUNY study, which was published in 2019, confirmed this finding with almost two-thirds.
He said that when you consider the reports of death, job loss, and divorce, it is quite low, the number filing for financial irresponsibility.
Gallutia’s observations are supported by a Forbes Magazine article about why people file personal bankruptcy. The Harvard study was also mentioned in this article. “78%” of filers had health insurance. This dispels the myth that medical bills are only for the uninsured.
Gallutia was added:
He said, “The deposit is what these people don’t want to do.” “I had literally dozens of people crying in my office, both men and women, because they couldn’t see another option. I am not wanted by anyone. A former client told me recently that he would never again see me.
Gallutia stated that the vast majority of tax filers are just like Americans. They live paycheck to paycheck and struggle to make ends meets. Gallutia stated that suddenly something happens and they don’t have the resources to handle it. This is not because they are irresponsible but because they didn’t have the funds to deal with the unexpected.
He said, “I’m certain you’ve heard the numbers about the number of Americans that couldn’t afford an unexpected car repair or a hospital bill.”
That is something I’ve heard, and it’s also something I know. I’ve been there too.
Particularly at this time in history, when Greater Columbus residents are facing real and constant economic hardship, I should remember.