Dionne Warwick files for bankruptcy? Huh?
Famous singer, actress, TV host and global ambassador to the UN; Dionne Warwick is among the top 40 biggest hit makers of all time, and second only to Aretha Franklin as the most charted female vocalist ever. Legend. Bankrupt. “Heart Breaker”.
How can someone like Dionne Warwick go bankrupt? I thought she had it all. A model of success. When famous musicians, athletes, and celebrities file for bankruptcy it’s clear that anyone can come upon hard times. Even Donald Trump, the icon of American success, has filed bankruptcy. So does this mean all these high profile people are financial failures?
No. In fact they realize that in America our laws give every citizen a chance at a fresh start. Even the best people need help sometimes, and it is every American’s legal right to protect themselves from the type of predatory lending we rejected when we founded this country in the first place. Our constitution virtues an individual’s right at a clean slate, and our forefathers understood this process would be needed to protect an individual’s freedom. After all, even Thomas Jefferson and Abe Lincoln needed bankruptcy protection.
In America we realize that there is more to life than making money, or for that matter spending your life repaying toxic loans. Our society believes in helping each other and in giving good people a second chance.
We could all learn from what America’s best and brightest have known for a long time: bankruptcy laws were created to help us, not hurt us.
Predatory lenders and others perpetuate many bankruptcy myths about your credit being ruined for 10 years, or that you will lose your home, car and prized possessions in a bankruptcy. The truth of the matter is that our clients nearly always keep their homes, cars, and valuables when they file for bankruptcy.** They also eliminate their credit card and other unsecured debt to boot. Our client’s credit is usually rebuilt within 2 years, but new credit card offers will start coming within months of the bankruptcy discharge. Mortgages can be had within 3 years. It seems that banks will have no problem trying to put you right back in the position you’re in. They certainly don’t want you to understand your consumer rights for bankruptcy protection.
Fight back, get a qualified attorney** and a fresh start. Break free from their vicious predatory lending cycle. It’s your right to do so and our most sophisticated and financially savvy citizens benefit from this process.
Imagine what our country would be like if some of our most influential citizens never had a second chance. How different the world would be if President Lincoln were to have spent has life struggling to repay his creditors instead of becoming president. Just think what a second chance will do for you.
**IMPORTANT SIDE NOTE: for these reasons above it is of the utmost importance to work with a reputable attorney, not a bankruptcy mill or petition preparation service. A reputable attorney in New York should be known by the bankruptcy court, should have a near 100% track record of bankruptcy discharges, and should easily be able to convert your Chapter 7 to a Chapter 13 or visa versa. Petition preparer services and bankruptcy mills are typically unfamiliar with all the different ways a consumer can be protected, not to mention the personal care you should expect from your legal counsel. They may not always have the best reputation with the courts. In New York the bankruptcy attorney you choose will have a big impact on your case, and it’s not about how many filings you push into the court system, but about getting each one right the first time.
If you live in New York and are considering bankruptcy protection please contact the Law Office of William Waldner for a free bankruptcy consultation today. We only practice Bankruptcy Law and are always here to help.
Call 212-244-2882 to arrange a free bankruptcy consultation today. Mention this blog post when scheduling by referencing the promotional code: WAR212 to receive the required 3 bureau credit report, and required credit counseling course, both free with any signed retainer agreement.
This article is intended for educational purposes only. By reading this article no attorney-client relationship has been created.