December 3rd, 2020
Mark Twain famously said once "There are three kinds of lies: lies, damned lies, and statistics." While we don't think he was arguing that the use of statistics is always a misrepresentation of the truth, it is a good way of stating that we have to be careful with the summaries and stats that are presented to us. As this article points out, there are multiple ways to figure out the unemployment rate in the United States, depending on how you want to define it. But we think regardless of how you look at it, it is clear that our country is not in a good position economically (unless you just stick your head in the sand).
I feel for those individuals and families who are struggling through this hard time. It is largely unprecedented and is taking a toll not just on our bank accounts but on our mental health and social ties. So please make sure you take the time to take care of yourself - physically, mentally, and socially.
For the most part, I represent Debtors in bankruptcy but it is really more about protecting the individual's interests (as opposed to business entities) and today I had a very exciting win for a client. The "creditor" in this case was divorced from the bankruptcy debtor a couple of years ago. My client loaned many thousands of dollars to the debtor both before and during their marriage and in their Divorce Decree, the family judge ordered the debtor to pay that back.
Fast forward a couple of years and the Debtor filed for bankruptcy and fights tooth and nail to try to get the obligation to the ex-spouse discharged. But I am glad to say we stood our ground today and the judge agreed with us. My client can be made at least partially whole again thanks to this ruling.
Bankruptcy is a helpful tool to get people back on their feet, but it has its limits and it cannot be used to avoid certain responsibilities that public policy and sound reasoning say should not be avoided. Call The Harlow Law Firm, PLLC for help!