FAQs
- How did you get started doing this type of work?
I became motivated to practice Bankruptcy Law because of my vast knowledge and interest in economics and finance. Our present economic system is founded upon the growth of credit (debt) and in order for it to function smoothly, at all times credit (debt) needs to be smoothly expanding. This in turn requires smooth and constant real economic growth at all times, which unfortunately, as we all know, is not the real world. When real economic growth does stop or retract and goes into a recession for whatever reasons then total income and available money inevitably fails to keep pace with the total debt of society. Inevitably some of this debt cannot be paid as it is mathematically impossible and is unavoidable. On the ground, this process primarily plays out with increased unemployment during recessions, an unpleasant fact of life we are all familiar with. The rubber meets the road when the unlucky persons who become unemployed, underemployed, or suffers from major business reductions or losses and becomes unable to keep up with their debt obligations. Real economic growth can never be brought back fast enough to catch up with the total debt load of society. Therefore a crucial and necessary part of any recovery is the reduction of society's level of debt down to a manageable level, down to where the real economy and money supply actually are. Our Bankruptcy laws and Bankruptcy system are a crucial tool for implementation of the necessary processes to resolve this problem. Bankruptcy allows for either the reduction or elimination of my clients debt load, while allowing my client to continue on with his or her life or their business to the fullest extent possible. This is in the best interest of the individual debtor and it is in the best interest of all. Each time in each case, the reduction of debt brings society's total debt load down to get closer to society's actual money supply and a real level of economic performance. In doing so this brings our economy one step closer to recovery. Most important to you, [1] the more you preserve your assets, that is your house, your business, etc., and [2] the more you continue on with your life and your job or business activities the same as always, the more it is in the best interest of society as a whole, because you continue to participate in society, its economic activity, and this in turn prevents an even further decline in the real economy. I became a bankruptcy lawyer in order to positively and productively contribute to this very beneficial process and in doing so have saved peoples' houses, businesses, and livelihoods on an individual level. In business cases my efforts played a direct role in saving peoples' jobs.