Bankruptcy Filings Up As Americans Protest Wall Street

American frustrations with the greed of Wall Street and the collusion of our elected officials has translated into a nationwide protest movement and one that may finally be shifting the focus of the national political dialogue to one focused on actually helping struggling American families.

Now, we are not endorsing the actions of some protesters, nor do we believe the authorities have always responded proportionally to perceived threats. But with the numbers of Americans filing for bankruptcy after falling victim to the excesses of Wall Street, we are happy to see the national conversation turn to addressing the systemic problems that not only made the recession possible but profited from it at the expense of hard working Americans.

The bankruptcy attorneys at Lord & Faris have counseled all types of people facing all sorts of financial challenges make the difficult decision of whether personal bankruptcy was a solution. Our clients have all done the best they could given the situation they faced yet far too many of them faced an economic crisis that was not of their making. They had no say in the value of their home plummeting, nor did they have a say in losing their job or in the collapse of their retirement accounts. They played by the rules and still had no choice but to declare bankruptcy.

But that was not the case for those bankers and institutions that gambled with our money and with our economy. They largely did not play by the rules but it feels like they have yet to live with those consequences. For the sake of our clients, we hope that changes.

If you or a loved one is facing a recent job loss, medical emergency, or are simply no longer able to keep up with your bills, contact the experienced bankruptcy attorneys at Lord & Faris to see if bankruptcy is right for you.

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