Consumer Debt: Are Credit Cards Bankrupting Americans?
Greenbelt, MD (Vocus) April 21, 2009
Joseph, Greenwald & Laake, PA is pleased to announce that Brett Weiss, head of the firm’s Bankruptcy and Insolvency Group, recently testified before the U.S. Congress House Judiciary Committee on bankruptcy and credit issues.
The invitation was extended by the Honorable John Conyers, Jr., Chairman of the House Judiciary Committee.
Mr. Weiss spoke on April 2, 2009, on the topic, “Consumer Debt: Are Credit Cards Bankrupting Americans?”
As part of his prepared remarks, Mr. Weiss stated:
"As a bankruptcy attorney, I’ve been helping people with money problems for over 25 years. I’ve seen thousands of honest, hard-working, smart people fall into hard times due to three main reasons: medical issues, job loss and divorce. These people don’t charge big screen TVs and expensive vacations to their credit cards; they charge medicine, and food and gas to get them to work…and then find that the deal they thought they had with Visa or MasterCard was built on sand, and the tide’s coming in.”
Brett Weiss has experience in complex individual Chapter 7, Chapter 11 and Chapter 13 bankruptcy cases, and in Chapter 11 small business restructuring and reorganization. He has represented individual and corporate debtors and creditors in all phases of bankruptcy.
Joseph, Greenwald & Laake is one of the largest and most well respected law firms in suburban Maryland, having provided almost 40 years of quality legal representation to businesses and individuals throughout the National Capitol Area.