All of this may not sound like such a big deal to some of you with deep-rooted negative feelings about the bankruptcy law, but it illustrates an important point.
When a bankruptcy petition is filed people’s lives can change dramatically for both creditors and debtors. The basic principals behind bankruptcy is to permit the debtors an opportunity to get a fresh start and the creditors are to receive equal distribution of available assets. What a magical theory!
Prior to filing for bankruptcy protection someone’s life is barely held together – they are terrified of answering their own phone; they are embarrassed at work by calls from collection companies and they may be in fear of losing their home or car.
After a bankruptcy is filed many of my clients tell me that they can breath easier and sleep through the night. They go to work with their heads held high; they are not afraid to answer their phones and they can actually open their mail without feeling sick.
Some creditors, especially credit card companies, have become outrageously greedy, and sometimes very deceitful.
Many times these creditors have actually been the reason that my clients are forced to file bankruptcy. For instance – a collection company for American Express told my client, an 82-year old widow, that he “had the legal right to bring a moving van to her house and take anything he wanted”.
The horror that our clients have to endure is outrageous.
These stories abound with every consumer debtor attorney. Don’t misunderstand me, I am an honorable woman who believes that everyone should pay their debts. But, if those debts have become so burdensome that my clients are choosing between buying required medicine or paying the credit card – then I am thankful they have a Constitutional right to file for bankruptcy protection and get a fresh start.
Let us be your bridge to a more peaceful life…..