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Clues that predict bankruptcy

Posted: Sun Jun 03, 2012 11:27 am
by Gabby
This can also be titled: Clues to knowing if you are supporting your spouse positively or negatively.
  • Bankruptcy: When one conducts business irresponsibly/unethically and can no longer pay their bills on time they file for bankruptcy; this procedure, though legal is unethical. It’s unethical because it knowingly, premeditatedly, causes fellow merchants to whom one owes money to lose money. Bankruptcy is abusive; it’s a communication that doesn’t feel good. All abuse, especially premeditated abuse, produces appropriate undesirable karma—compounded by the intention to continue abusing another after reading this tip.

Premise:

Most everyone who has viewed the Godfather trilogy knows that a Mafia spouse, using her leadership-communication-support skills, is in fact responsible for all the killings, all the illegal activities, all the outcomes she and her spouse co-produced. To deny this is to deny the positive support other spouses produce, spouses who inspire integrity. In this scenario, a Mafia spouse makes survival more important than her integrity and the integrity of her spouse. Like someone who suspected their partner of being unfaithful, she refused to acknowledge the source of her husband’s income, yet we all know that she did in fact know.* In other words, all spouses are responsible for the losses they and their marriage partner co-create and inflict on others; this includes the spouses of stockbrokers, investment bankers, and CEOs. I.e. Loan officers can, with incredible accuracy, predict whether you are likely to repay your loan responsibly. It is unethical and irresponsible to lend someone money whom you intuit is a poor risk; to grant such a loan dooms the borrower to a life of "just getting by" of living hand-to-mouth, of not having sufficient house, car, and health insurance, etc.

Clue #1 Premeditated abuse: Your position, your present beliefs about bankruptcy now, determines whether or not you will be able to create and sustain the experience of health, happiness, and prosperity. In other words, if you presently make business decisions with the idea in mind that if things get bad you can always file for bankruptcy then you are ripe for bankruptcy; this premeditated option, to cause fellow merchants to lose money because of you, always results in undesirable karma. Bankruptcy is the ultimate make-wrong communication to one's parents, family, friends, teachers, and the community. Why? Because it’s always premeditated. Business owners who have filed for bankruptcy made a conscious decision to borrow more than they could repay in the event they would have to sell everything. Debts must never ever exceed the proceeds of a one-day garage sale.

Clue #2 Supportive abuse: A spouse/partner of someone who has filed for bankruptcy can, with coaching, always recall the first interaction (the specific communication) that led to (non-verbally supported) the bankruptcy. This incident is referred to as the fork in the road, the moment in which the “innocent supportive observer” became cause, not only for their spouse’s failure but for the financial losses of merchants throughout the community. In all cases of bankruptcy there is an equally powerful “supporter,” a manipulator addicted to blaming, to sitting back pretending they were not responsible for the financial losses of other merchants.
  • “Spouse/partner” here meaning, the one who silently supported his/her partner in playing big-shot business-person who knowingly forced others to wait for agreed-upon monthly payments, in screwing over other merchants. The spouse of someone who files bankruptcy is equally responsible for the failure; he/she made something more important than insisting (upfront—prior to the engagement) that his/her spouse honor all agreements to include paying all bills on time, no excuses no reasons. Given the significant number of wealthy wives who outlive their husbands (or whose husbands are in prison for life), it could be said that each, using her leadership-communication skills, cleverly masterminded the poor health, or demise, of their husband so as to survive.

For example: A husband wants to be a self-employed mechanic. He, over his wife's "ineffective" objections, decides to borrow $5000.00 for new automotive tools (it’s understood that one must always have the means to pay his/her monthly payments in the event of an emergency). If the husband and his wife want to buy a set of tools then both must (upfront) consider what they’ll do if they can’t meet a monthly credit-card payment. That they didn't plan on handling that possibility, the fact that neither gave it a second thought, is a predictor of the types of problems they will co-create together. Monthly payments for any purchase must always be less than the amount they could raise during a garage sale so as to not thwart a fellow merchant.

Continuing with the mechanic-spouse example: Before his very first customer the mechanic-husband "accidentally" falls and breaks his arm. A $150.00 monthly payment for the tools is due and there is no money to pay the bill. What does an ethical responsible person do? It’s too late. This couple was already out-integrity. The venture was doomed to fail. They should not have bought the tools. He isn’t ready to be self-employed.** One’s monthly payments must never be more than the value of his/her possessions that can be sold at an emergency garage sale. How one plans to handle such contingencies determines the future. The arrogance of refusing to look at the possibility of a customer not paying their car repair bill on time, of losing the lease on the automotive garage, of a possible "accident" or a health problem, or a poor economy, begs to be humbled. Any of these factors can affect one’s ability to pay his/her bills on time. If this couple owns a snowmobile, a TV, and a dining room set, the total garage sale value must always be more than the total cost (plus interest) of the tools. Why? Because at the time the monthly tool payment is due they would have to choose, to hold on to their possessions and screw over a merchant, or, sell something so as to pay their bill per the loan agreement. If one enters into a marriage with the option to not pay a debt on time, then karma will ensure that the couple will not be successful—to include little or no joy throughout each day.

* The spouse could sense that something about the way their partner was doing business, specifically purchasing new telephones and equipment, or overly expensive items and services without knowing with certainty that they have sufficient collateral or liquid assets to cover monthly bill payments/debts.

** Historically, in Japan, an apprentice would serve a successful master/manager for about ten years and in so doing earns the respect and support of his/her employer and the local fellow merchants. This is because it's known that no matter how talented and educated a novice might be it still takes about ten years to develop the habits of consistently showing up on time, of acknowledging perpetrations (rather than hiding them), of being trustworthy enough to be able to be counted upon to show up on time, to get the job done no excuses no reasons, and of honoring one's word.

Last edited 12/17/23