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The Effects Of APoor Housing Market: Increased Bankruptcy Filings

One night we invited two of our neighbors over for dinner and as soon as they walked through the door my husband and I noticed there was something obviously bothering them. After dinner, we were sitting in the living room having a nice chat when our male neighbor, Richard, tells us that he and his wife have to file for bankruptcy. My husband and I were both sadden and very taken aback at the news. Since we live in a big city in Texas we told our neighbors it should not be too difficult for them to find a Houston Bankruptcy Attorney. Now, we live in an area called The Woodlands, so Richard asked us if we knew anything about The Woodlands Bankruptcy Attorney who livesaround our area. All any of us knew was that we had heard that The Woodlands Bankruptcy lawyer was very good and that he had plenty of experience dealing with this situation. It was so hard for us, that evening, to see our friends and neighbors tell us that they needed to file for bankruptcy. As the neighbors walked out the door, we told them to keep us updated on what was going on and we told them to tell us if they needed anything.

About two weeks later, Susan came to the house to tell me that they finally found a very nice attorney who was being extremely helpful during their difficult time. She also shared with me that were going to have to try to sell their house and move all the way over to the other side of the city. She cried as she said she never realized how much she loved her house and that she hated to move away from the lovely community we were living in together. It was truly heartbreaking to see a good friend go through all of these problems. I told her that of course we would still be in contact and we could see each other whenever we could. That seemed to help and she went back to her home to get some work done before attempting to get someone to purchase the house.

Not long after my conversation with Susan their house was put up for sale and it sold within a few weeks. The house was already in excellent condition because Susan and Richard kept it so pristine.

Richard and Susan soon moved out of their house, but Susan called often to keep me updated on how she was doing. She always talked about how helpful their attorney had been and how good of friends they had become with him. He really was of great assistance to Richard and Susan while they were going through their hard time. I was really delighted to hear they were able to find someone who could be kind to them and someone who could help them make the best of their situation.

It was one of the most difficult things to watch our friends and neighbors have to go through filing bankruptcy, but it seemed like they were in good hands once they choose to go to a well-thought of lawyer, who helped them rearrange some assets and get them started again after their bankruptcy was over.