Guilt, Fear, and Humiliation: these
negative emotions are perpetuated by the mortgage banks, credit card companies
and pay-day loan companies who stand to lose when one of their customers (or
should we say victims?) files for personal bankruptcy. They are perpetuated by
bank-controlled consumer credit counseling agencies who refuse to mention the
word bankruptcy. This is because bankruptcy is your most powerful weapon in
debt relief. This is also why some people believe they should avoid bankruptcy
at all costs even to the point of using (throwing away) their retirement
accounts to pay part of the DEBT.
Put
the shame where it belongs
Why is Bankruptcy in America becoming a
very common occurrence? Because for many years banks, insurance, credit card,
and pay-day loans companies have engaged in predatory lending practices to
generate fees and bonuses for themselves without regard to whether the debtor
can repay. They extend credit through one-sided contracts without provisions
for real life situations such as job loss or family illness. When their
customers experience these often devastating situations the banks actually make
more money by charging late fees and raising interest rates! When illness
strikes and medical bills pile up they deny claims and cancel insurance
policies. Then when payments are missed they deny loan modifications and start
the foreclosure process. Yet the stigma rests on you? Something is wrong with
that picture.
Your
right to a level playing field
By leveling the playing field Bankruptcy
protects debtors in these situations. Without the legal remedy of bankruptcy,
people in financial distress would have no real options to get relief from
these companies and insurers. Bankruptcy is written right into the Constitution
(Article I, Section 8, Paragraph 4) and therefore, United States Bankruptcy Laws
has been around for more than 200 years. Bankruptcy is actually good for the
economy. By allowing people to remove unmanageable debt, and to receive a Fresh
Start, they are better able to contribute to their community.
You
are not alone
There have been prominent people in history
who have filed for bankruptcy, such as former presidents of the United States
Abraham Lincoln, Harry Truman and Thomas Jefferson all filed for bankruptcy.
American icons such as Milton Hershey, Henry Ford, and Mark Twain also filed
for bankruptcy. These highly successful people filed for bankruptcy prior to
their greatest achievements. If the legal right of bankruptcy had not been
available to these great Americans we might not even recognize their names
today. Bankruptcy allowed them to learn from their mistakes and go on to
contribute great ideas, experiences and inventions to our country. Over one
million Americans not only survive but are helped through bankruptcy every year.
Begin
your journey to a Fresh Start now!
It is time to end the cycle. The constant
worry, fear and stress are not worth it and can even damage your health. With
the help of a knowledgeable bankruptcy lawyer, you can find a way out. Get on
solid ground and head in a better direction with Salt Lake City Bankruptcy Attorney Mark J. Gregersen. At our firm,
Gregersen Law, we focus on bankruptcy and debtor relief
services.
