I just saw this rather appropriate and timely quote on the LegalHumorBlog:
The idea, of course, being that to decry the need for a bankruptcy option is naive and even silly if you’re in favor of a capitalistic system, which is what we have in the U.S. Without some sort of escape hatch or fresh start option, the system will not function well long term.
Taking this analogy a step further, I think it also applies well to the foreclosure crisis in Nevada and particularly to Las Vegas residents. That is, you can’t have a thriving home mortgage industry without offering a way out when things go bad.
In the case of Las Vegas homeowners facing foreclosure, that frest start option has become loan modification and the Nevada Foreclosure Mediation Program. Loan modifications may not solve the foreclosure crisis on their own. But if you’re a homeowner who might benefit, you better believe it’ll help at the individual level.
Focusing on individuals is what we do at Haines & Krieger. While the government may be focusing on the big picture, we’re focusing on solving this thing one person at a time.
Haines & Krieger attorneys have been at the forefront of helping Las Vegas residents deal with foreclosure problems and getting back on their feet.