See an Omaha bankruptcy attorney today!
If the auto dealer is trying to repossess your car, an Omaha bankruptcy attorney may help stop the repossession. If the bank is trying to foreclose on your home, an Omaha bankruptcy attorney may help stop the foreclosure. But you need to be aware of federal laws that make it much harder for an Omaha bankruptcy attorney to protect you from your creditors.
Congress has passed bankruptcy laws that dramatically change the U.S. Bankruptcy Code. This law, crafted with help from the credit card and banking industries, takes a very pro-business viewpoint - that debt is the borrower's problem, not the credit card companies or the banks. Every sponsoring Omaha bankruptcy attorney of Total Bankruptcy knows that this is false. Everyone at Total Bankruptcy knows from experience that over 90% of debtors who need protection from their creditors, do so because of catastrophic occurrences that they had no power to anticipate, let alone change. These include loss of a job, illness, high out-of-pocket medical and hospital bills, and divorce.
While every bankruptcy attorney disagrees with the current law, all we can do at this point is urge anyone who thinks they need our help to call 1-877-349-1309. Let us help you understand the current bankruptcy laws. In addition to obtaining access to experienced lawyers, we offer information on the various types of bankruptcy filings, things you should know before filing, and how to protect yourself in the future.
The law has big repercussions for consumers
Thousands of debt-laden families may have no choice but to continue to try and pay back more of the money they owe. This extra burden may push more of them into poverty, losing everything they have worked so hard to attain, including their home and car. Banks and credit-card companies particularly focus their efforts toward people already in financial trouble, giving them more credit than they may be able to handle.
In today's economy, more families are depending on credit to see them through. Americans now owe $2.12 trillion - not counting their mortgages. That's more than double what they owed ten years ago. And, this is over a time period when their financial assets have gone up 94% and their incomes have risen by just 65%. According to a recent survey, the typical credit-card holder in 2001 had five cards and a balance of $1,900. About 83% of college undergraduates had credit cards in 2001, up from 67% just three years earlier.
Legal advocates predict that between 30,000 and 210,000 people may be disqualified from discharging their debts under current bankruptcy law. It may hit hardest working class low income families, single mothers, minorities, those who have lost a job, or are facing very high medical bills.
Call 1-877-349-1309 or fill out our secure online Evaluation Form for a free, no obligation initial assessment from one of our experienced sponsoring lawyers.
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.