“On February 10, 1897, seven hundred members of America’s super-elite gathered at the Waldorf Hotel for a costume ball hosted by Bradley Martin, a New York lawyer, and his wife Cornelia. . . Cornelia, a plump matron with blues eyes, a bow mouth, a generous bosom, and incipient jewels, dressed as Mary Stuart, but bested them all by wearing a necklace once owned by the French queen. Bradley came as Louis XIV—the Sun King himself. John Jacob Astor was Henry of Navarre. His mother, Caroline, was

[dressed] in a gown adorned with $250,000 worth of jewels.”(The Bradley Martin ball, 1897, ranked as the most lavish party in United States’ history)(Mr. Martin wound up with a $900,000.00 bill ($8 million today) for the mother of all parties, while the rest of the country was suffering through a prolonged economic depression.)

“Country superstars Tim McGraw and Faith Hill performed at its 20th annual invitation-only Christmas party this month. . . .Last year, country band Rascal Flatts headlined the party, and in 2010, it was Sting who performed.”(A Texas law firm’s Christmas party, 2012)

“When I see those party lights come on, the party’s over for me.”(Junior Brown)

Extravagance tends to have short-term rewards and long-term consequences, the short-term reward being the party itself and the long-term consequences being the jail term for driving while intoxicated.

Bankruptcy is the same, but the opposite.  How’s that for lawyerly analysis?  Bankruptcy has short-term monetary and emotional costs, but long-term benefits v3l2wgg.  Put another way, bankruptcy is the prudent choice as opposed to the extravagant choice.

Make the prudent choice.  Call the law office of Henley and Henley for your free consultation.