Introduction to Bankruptcy
Stop Collector HarassmentMany clients come to me in such distress from harassing phone calls and letters. People tell me that they are afraid to pick up the phone or open their mail. Lawless collectors call late at night, call at work, call neighbors--creating a sense of siege, helplessness, and despair. In this hopeless state of mind ordinary people lose their instinct of self-preservation. I hear the same stories again and again. Clients tell me how in the whirlwind of collector harassment, feeling defeated and worn out, they gave up their bottom dollar. Then, without the rainy weather fund, after the first unexpected expense, they got evicted, got fired from work, and started their downward spiral into homelessness. The prudent thing would be to invest the rainy day fund in efforts to increase income or decrease expenses, or just to keep it for unexpected expenses. However, clients who experienced collector harassment say that at the time they could not think straight. They gave the family's lifeline to this or that bank, leaving the family unprotected. In most cases, bankruptcy allows people to discharge majority of debts, and to pay off whatever cannot be discharged but only while paying for all of family living expenses (including food, housing, transportation and even healthcare), and all-the-while building up a rainy-day fund. This lays a solid foundation for financial security and good credit. |
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