In the 12-month period that ended March 2012, more than 1.3 million individuals filed for bankruptcy in the U.S., exercising their legal right to have their debts discharged through bankruptcy proceedings. By filing for bankruptcy, these hardworking Americans made the choice to stand up to big banks and lenders exercising their rights.
However, many more Americans likely suffered through harassing calls from debt collectors, bankers and lenders as they struggled to pay down and manage debt on their own. This year, rather than let those bankers take advantage of you, it's time to let a Bronx bankruptcy attorney fight for your rights.
David vs. Goliath
When it comes to bankruptcy, the average debtors are a lot like David in the classic Bible story of David and Goliath. As an individual, the banks (Goliath) and other lenders see you as small, weak and insignificant. They simply want to collect your money, swat you away and move on to the hundreds of thousands of other delinquent lenders they have on the books.
Banks and other debt collectors like hospitals also bring with them an army of attorneys, bill collectors and paper pushers looking for ways to get into your wallet and bank accounts. To these large institutions, you don't matter.
What the banks don't remember about the David and Goliath story is that it took just one stone to bring down the giant and to crown David as the victor in the match up. A Bronx bankruptcy attorney is your rock to bring down the Goliath.
Banks don't expect you to seek legal help because many Americans still attach a stigma to bankruptcy. However, with more and more Americans recognizing how bankruptcy can protect them, the stigma seems to be abating.
You Have Rights, Too
Banks and other debt collectors like to assert that they have the basic right to recoup the money they lent to you with interest. They will pull out this line as they work to guilt trip, cajole and intimidate you into paying debt.
However, banks forget to mention that you have rights as well. And they definitely fail to mention the role they played in causing your financial problems as well. Several large banks have lost high profile lawsuits that exposed their unfair practices.
For example, Bank of America has reached settlements on several lawsuits covering how they handled home loan modifications, unfair overdraft charges, and their home equity lines of credit. Bank of America is hardly alone, either. Wells Fargo, Citigroup and J.P. Morgan Chase all reached settlements regarding their lending practices as well.
With each settlement, we learn a little more about how the rights of lenders were disregarded and violated.
The big banks don't always win. The little guys, the Davids, win a lot, too, and the bankruptcy procedure exists to ensure your rights have their day in court as well. Talk to a Bronx bankruptcy attorney to make sure you don't spend another year sacrificing your rights and happiness to the debt collectors.
However, many more Americans likely suffered through harassing calls from debt collectors, bankers and lenders as they struggled to pay down and manage debt on their own. This year, rather than let those bankers take advantage of you, it's time to let a Bronx bankruptcy attorney fight for your rights.
David vs. Goliath
When it comes to bankruptcy, the average debtors are a lot like David in the classic Bible story of David and Goliath. As an individual, the banks (Goliath) and other lenders see you as small, weak and insignificant. They simply want to collect your money, swat you away and move on to the hundreds of thousands of other delinquent lenders they have on the books.
Banks and other debt collectors like hospitals also bring with them an army of attorneys, bill collectors and paper pushers looking for ways to get into your wallet and bank accounts. To these large institutions, you don't matter.
What the banks don't remember about the David and Goliath story is that it took just one stone to bring down the giant and to crown David as the victor in the match up. A Bronx bankruptcy attorney is your rock to bring down the Goliath.
Banks don't expect you to seek legal help because many Americans still attach a stigma to bankruptcy. However, with more and more Americans recognizing how bankruptcy can protect them, the stigma seems to be abating.
You Have Rights, Too
Banks and other debt collectors like to assert that they have the basic right to recoup the money they lent to you with interest. They will pull out this line as they work to guilt trip, cajole and intimidate you into paying debt.
However, banks forget to mention that you have rights as well. And they definitely fail to mention the role they played in causing your financial problems as well. Several large banks have lost high profile lawsuits that exposed their unfair practices.
For example, Bank of America has reached settlements on several lawsuits covering how they handled home loan modifications, unfair overdraft charges, and their home equity lines of credit. Bank of America is hardly alone, either. Wells Fargo, Citigroup and J.P. Morgan Chase all reached settlements regarding their lending practices as well.
With each settlement, we learn a little more about how the rights of lenders were disregarded and violated.
The big banks don't always win. The little guys, the Davids, win a lot, too, and the bankruptcy procedure exists to ensure your rights have their day in court as well. Talk to a Bronx bankruptcy attorney to make sure you don't spend another year sacrificing your rights and happiness to the debt collectors.
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