New Poll Votes in Favor of Higher Taxation on the Rich

25-Apr-2011 | News-Press Release

Costa Mesa,Ca April (tbd) 2011-Consumers nationwide are dealing with exceptionally high levels of debt and struggling to get back on solid ground with their financial footing.


In a recent report from Equifax, the credit report agency, the credit card burden of many families is equal 17% of their income. This debt amount could be higher as it fails to consider specific store-based cards. Experian has analyzed recent consumer spending habits to reveal the average person is now burdened with more than $4,000 of debt.


The top five cities struggling with debt are San Antonio: Texas, Jacksonville: Florida, Atlanta: Georgia, Honolulu: Hawaii, and Dallas: Texas.


Morgan Drexen supports attorneys across the country helping consumers in these states facing high levels of debt.  Attorneys nationwide have reported high numbers of consumers engaging in the attorney-based debt resolution program.


For Daniel Birkey, nights were restless as his debt escalated after losing his job. Birkey was laid off after 25 years working as an accounting manager in Iowa.


“Our income fell drastically and we just got behind,” says Birkey.


Birkey engaged with the J D Hass Law Firm in Iowa in a final attempt to resolve his $80,000 debt.


J D Haas uses the automated software and paralegal services of Morgan Drexen. The software provided by Morgan Drexen allows attorneys nationally to work efficiently and quickly to settled consumer debt.


“Creditors tend to take extra care when dealing with a debtor's attorney. Expert legal knowledge allows counsel to analyze carefully the validity of a claim and often successfully defend a debtor in the event a creditor resorts to a lawsuit.  Creditors trying to obtain payment against debt that is in “collection” mode will often settle for less than the full amount, provided they are paid quickly,” says Thomas O’Brien, partner at Paul Hastings and regulatory advisor for Morgan Drexen.


“Anytime we called there and asked the attorney any questions he were able to provide us with the information that we needed they were very helpful. Within nine months of contacting the attorney, I had settlements on all my debts. Anytime we called, there, asked any questions they were able to provide us with the information that we needed they were very helpful,” says Birkey.


Attorneys nationwide who use the support services of Morgan Drexen benefit from their complex automation through productivity and efficiency. The process encourages accuracy and often accelerates the settlement process.


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