Guess what? Your financial ship is sinking and nobody is coming to your rescue. We were promised a stimulus – essentially a patch job on a leaky financial life raft and a paddle. The patch job didn’t — a gigantic handout to the banks who than stole the promised paddle. The raft is still leaking.
The Big Three auto companies also had their hands out – with powerful friends in Washington huge checks were written to both GM and Chyrsler.
The election is over and the promises made are now like drifting smoke from a smoldering car wreck. The banks got bailed out. Special interests forced Congress NOT to pass legislation that would make it easier for homeowners to revalue their homes so they could afford to pay off their mortgages. This idea made a lot of sense because it would keep more people in their homes and fewer empty homes and devalued neighborhoods.
A lot of promises were made about government mandated and bankruptcy court ordered loan modification, but that idea was stomped out of existence.
The President, although he made a pledge to enact laws to keep people in their homes by allowing bankruptcy judges to revalue their homes, the banks proved once again they own Congress – even with their pockets lined with tax payer money, they were not going allow this to happen. This promise died a whimpering death.
A lot of strong talk out of the White House, but when push came to shove the Administration chose to abandon this battle. So, the optimism that was shared by many early in 2009 is now revealed for what it is: A good idea with no hope of support.
Even odder things are happening to our country, its institutions and private enterprise.
General Motors is now Government Motors – a 100 year old plus institution is now owned and operated by the United States government and the auto unions. Chevy’s famous truck slogan: “Like a Rock” is now changed to “Owned by Barak.”
We keep hearing the phrase: “To big to fail” Well they did, and they are the only ones benefiting are those with the deepest pockets and influence in Congress. Not the little guy, the American family or small family-run company.
This is were I do my heavy lifting meeting and counseling real people – who have in your face financial problems that are not going to be solved by a government handout.
Chrysler also took a huge chuck of tax payer money. Now they are in bankruptcy, and guess what, the tax payer is going to get stuck paying this bill. The money that was loaned will probably never get repaid
What about you: Your in debt up to your eyeballs, your house is worth less than you owe on it, you or your spouse have lost your jobs, and yes, you made bad decisions in the past, you ran up debt you now can’t afford to pay.
This is not about judgment or finger pointing, but it is about finding a workable solution – a plan to find your way out of your current financial distress.
This book covers the process before during and after bankruptcy. There are NON bankruptcy options (many of them very sound), but this book does not cover them. Others have addressed these types of options, and you should investigate them before you consider bankruptcy, but if your are reading this book you either in the process of making the decision, are in bankruptcy or have received your discharge. Some of the chapters in this book will be of help to you even though you started the process.
DISCLOSURE: I am a bankruptcy lawyer, so I write from that prospective, but a lot of the counseling I do before I agree to represent a client is how NOT to have to file bankruptcy.
Early on in a consultation we explore what can be done: selling assets, closing a business, getting a second job, selling the car or the house and in general lowering expenses and living below your means.
Whether bankruptcy is the right option for you is not an easy decision nor is entered into lightly. First you meet with me and than you decide what best for you.
In essence, bankruptcy wipes out legally dischargeable debts and the creation of a plan to not get into further debt (the court mandates a financial management class), save money for retirement, pay off that mortgage – generally to live, breath and enjoy life without the constant pressure cooker of debt.
Make no mistake, I am biased, daily I see the effects of overburdened families, the crushing effects of the legalized terrorist activities of banks, credit card companies and collection agencies. Bankruptcy is FEDERAL law and it was and is designed to give the debtor a fresh start.
The bottom line here is that nobody is coming to your rescue. Yeah, their will be feel good stuff we hear on TV and radio about what the government is doing to “stimulate” the economy, but tough decisions and good advice is what is needed in these times. I’m here to give you that advice and counsel. Call today for information packed consultation.
Disclaimer
Fresno-Bankruptcy-Lawfirm.com is owned by the Law Offices of Jeffery D. Rowe. We are a debt relief agency. We help people file for bankruptcy relief under the Federal Bankruptcy Code (Title 11 of the United States Code). If you would like to discuss your situation in further detail, please call our offices at: (559) 228-1500 to schedule a consultation.
