Smart Money recently ran a great piece on the basics of understanding the bankruptcy filing process (http://articles.moneycentral.msn.com/Banking/BankruptcyGuide/10-secrets-of-filing-for-bankruptcy.aspx). Many of the issues presented are ones we witness every day in our Salem, NH office. Hardworking Americans are struggling because of medical expenses, unemployment has wrecked havoc by leaving families with mounting debt and potential foreclosure, aging Americans have worked hard their whole lives only to discover that retirement and a failing U.S. investment market has left them nearly penniless. All of these individuals have sat across from us at our conference room table and have told us their stories of hardship. The good news is that bankruptcy affords them a fresh start and an opportunity to set aside their burdens and begin again. This is not a decision that they take lightly. It is an emotionally painful process, and they walk through our front door with great fear, making what feels to them like a last resort decision.
We’re honored to have represented these clients though the years, and after the bankruptcy process is over, we are thrilled to hear their stories about how much their lives have improved.
In the coming year, you can look to us for even greater information on our blog regarding bankruptcy law, changes in credit card disclosures via the CARD Act and about ways that you, the consumer, can improve your life with improved credit, financial alternatives and understanding your rights under the law.
Best wishes for a safe, joyous and prosperous New Year!