When clients come to my office, the Law Office of Phillip Myer, contemplating either a chapter 7 or chapter 13 bankruptcy filing, they are often embarrassed to file for bankruptcy. They think they are doing something wrong; that they have failed themselves and their families; that filing for bankruptcy will make things worse; that they even will be put in jail! My best advice is: "Don't be embarrassed." The purpose of the bankruptcy laws is to give people and companies a fresh start. The concept of forgiving debts goes all the way back to the Old Testament. In Deuteronomy the Israelites were instructed to forgive the debts owed to them by others every seven years. And this seven-year timeline was used by the bankruptcy courts in the US until the reform act of 2005. It is a very old concept.
Some of you may be surprised to learn that many famous successful people have filed for bankruptcy and came out on the positive end of the process: Abraham Lincoln; Henry Ford; Milton Hershey, Walt Disney; Burt Reynolds; H.J. Heinz; P.T. Barnum and Donald Trump, to name a few.
If you would like more information on this topic or other bankruptcy topics, please contact our Pasadena office at 888.368.8941 (toll free) or 626.389.8575. Mr. Phillip Myer will be happy to answer your questions for you. . If you need assistance regarding a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, getting rid of the second mortgage on your house, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! Please contact us to receive a free consultation or visit our website at http://www.phillipmyerlaw.com/ to request an in-person consultation with an experienced bankruptcy attorney in the Pasadena, Glendale, Altadena, Alhambra, Sierra Madre, Los Angeles and San Gabriel Valley areas.
No comments:
Post a Comment