Feb 28

Welcome back!

Your job as a bankruptcy lawyer in Boston keep you pretty busy so you don’t have the time to be the avid TV watcher that you desire to be. Today is different though as you sit down to tune into the season finale of America’s favorite singing competition, American Idol. Right before they announce the winner, they got o a commercial break. You are so fixated on the screen that you stay glued to your seat for the commercial break. Then it happens…you see the most interesting commercial. A car company whose marketing is shaped by the economy’s difficult times offers to sell you the car and take it back if you should happen to lose your job. This may not seem as bizarre if already know that most companies will take the vehicle back if the buyer defaults on a payment, it is called repossession. But this is different because the company will take back the car without penalty to the buyer. Although buying a new car is not the best thing to do during such uncertain economic times, for some, having reliable transportation is absolutely necessary. Knowing that the car company will understand should you lose your job shortly after the purchase can be a major, comforting incentive for those who must buy a new car. Furthermore, another company even goes a step further and actually offers to maintain one’s payment for a certain period of time after a job layoff. This may be reassuring for some but it is tragically indicative of the troublesome time that Americans as a whole are facing ahead.

Seriously, how many other countries have car companies have advertisements dictated by the direction of the economy? Desperate times call for desperate measures. Cars, like homes are not selling as often as they used to prior to the onset of the recession. A legitimately structured Boston bankruptcy advocate would be observant in noticing trends like this that can affect their personal bankruptcy caseload. As an astute Boston bankruptcy lawyer, it is vital to the success of your job to know when things like this are transpiring because it affects your industry.