Falling Backwards: An Attorney Takes A Bad Case
In Identity Theft of CreditGuru (August 29, 2010 1:42 am)
It was a usual morning for David as he walked to his favorite coffee shop to get a latte and pastry. David was a Cincinnati criminal defense attorney pursuing his dream of fame as a legal wizard. David was three years out of law school and already he was developing a respectable reputation. He purchased an nice home, a nice BMW, hand tailored suits, a pleasure boat and a country club membership. He was getting the high end white collar clients. David knew his future was bright and he was on a rocket path. He never dreamed he would need Cincinnati Credit Repair to fix his finances or a public relations firm to fix his reputation.
David took a case that would cost him more then he could imagine. There was a contractor and developer creating residentitual properties throughout the region. What the contractor wasn’t doing was paying his bills. The contractor was also taking money that was supposed to be in escrow and using it to pay off vendors and live lavishly. He managed to stay ahead of the game while the market was hot. The developer had turned his business into a ponzi scheme. When the bottom fell out, the plan collapsed. Thousands of people had their homes foreclosed. The builder came under fire and, aware of his offenses, prepared for bankruptcy. The first thing he did was to purchase a mansion in Florida since the home could not be taken under Florida’s bankruptcy laws.
When word got out that this man had bought a home safe from creditors while hundreds of people watched their house fall victim to liens and foreclosure the proverbial scat hit the fan. David, the contractors lawyer became the public face of this man. The publicity was so bad that David needed security coming into the court room. There were restaurants he could no longer go to since the owner lost a house or knew someone who did. David’s own personal life became a target under the media assault as he began to drink a heavily every night.
Over the course of several months while getting ready for trial, David began to feel the pain of all the victims he deposed. Hundreds of people shared their stories of being cheated out of their homes. David began to drink during lunch and never faced the contractor until he had a drink in him. The work was piling up and David was overwhelmed. He was so preoccupied he neglected his bills and expenses and began missing payments. When the builder’s cash reserves where low he traded service for property deeds that were fraudulent.
Dave lost nearly everything and his reputation was ruined. After his client was put in jail, Dave began the long hard work of rebuilding his reputation. When the loans secured by the fraudulent property deeds became due, Dave felt his financial world collapsed. Dave began rebuilding his credit and had to move his practice to a city in Florida where no one knew his name.
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