To make us understand it a little better, chapter 11 is basically a form of bankruptcy. It involves some kind of a reorganization of the business affairs of a debtor and their debts and assets. This was named after code 11 of the U. S. Bankruptcy code too. To put it short, this thing has a lot to do with debts and the debtors. That is Chapter 11 in Monterey.
A lot of us have a lot of debt to us and on our name, in fact, most if not all the adults in America actually have some kind of debt to them that may have started from their college days, which included their college fees on top of the other things that they have on them.
We do not know how they keep that up but to us, having debt is really annoying. To owe something to someone is really like an itch that cannot be scratched. It frustrates us when we have to think about our salary.
Instead of having all of that money to yourself, part of that actually does not belong to you because of the freaking debt. That is seriously annoying and it gets to us because we are a bit of an OCD character. Anything that has to do debts just really gets us and we work hard on not having any debts at all.
When we buy something big, we make sure to actually pay in full. And for them to happen, we would have to save a lot of money first before getting it. We can be patient for that we want just to avoid anything annoying and hassling from happening.
But it does frustrate us that we have to wait through. But if we want to stay consistent without any debts then we ought to just get through with it if we want it. At least we will not be suffering through some annoying debts alter to think about.
And when we get our salary, we actually get to spend it all without worrying about something or someone coming down on our asses for what we did. The money is all ours and we do not have to pay for something that we already have and have already been using. That is the best thing about having no debts.
To just be able to spend everything and worry about bills without the thought of what you have to pay anything else. But unfortunately, there are circumstances that would require us to actually get money form someone else. And that is a debt all on itself. These situations would usually mean that you have some problems that you need to settle right away and that you cannot afford to wait for your salary anymore.
Those certain situations are emergencies most of the time too. At least there are companies that are also willing to lend you a hand and in turn, lend you a small bit of money for it. Hopefully, we will not be facing that kind of problem in the future because we would hate it.