To some of you who have strong views about the bankruptcy legislation, none of this may seem like a huge deal, but it shows an important point.
When a bankruptcy petition is filed, both creditors and debtors’ lives might be drastically altered. The primary principles of bankruptcy are to give debtors a fresh start and to ensure that creditors get a fair allocation of available assets. What a fantastic result!
Someone’s life is barely holding together before applying for bankruptcy protection – they are afraid of answering their own phone; they are embarrassed at work by calls from collection agencies; and they may be afraid of losing their home or automobile.
Many of my clients tell me that after filing for bankruptcy, they can breathe easier and sleep better at night. They walk into work with their heads held high, aren’t frightened to answer the phone, and can read their mail without feeling queasy.
Some creditors, particularly credit card companies, have grown excessively greedy and deceptive.
Many times, it is because of these creditors that my clients are forced to file bankruptcy. For example, an American Express debt collector told my client, an 82-year-old widow, that he “had the legal right to bring a moving van to her residence and take whatever he wanted.”
Our clients are subjected to unspeakable horrors.
Every consumer debtor attorney has a slew of these stories. Don’t get me wrong: I am a responsible woman who believes that everyone should pay their bills. But, if those obligations have gotten so overwhelming that my clients must choose between buying needed medicine and paying their credit card, I am grateful they have the legal opportunity to file for bankruptcy and start again.
Allow us to be the link that connects you to a more serene life…..