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Better to Be Lucky than Smart, Part II of Ten Million: Crocodiles and Wildebeest

By Joseph McDaniel, Esq.

Have you every watched The Nature Channel?

If so, you've seen the Wildebeest and Crocodile Show.

Think of a debtor in a Chapter 7 Bankruptcy as the wildebeest, and the trustee as the crocodile.

In Africa, the wildebeest all get together and run like crazy across the river, which they know darn well is swarming with crocodiles.

But a wildebeest has gotta do what a wildebeest has gotta do.

Many make it across to the other side completely unscathed, and live to stampede another day.

Some are scarred and torn, but still break through to the shore.

And some of the wildebeest are not so lucky.

In the bankruptcy process, it is very good to do everything right.

And luck is also good.

Full post as published by Arizona Bankruptcy Attorney Blog on December 10, 2010 (boomark / email).