Debt in California is on the rise. However, attorneys like Karen Hoeg, who are using the proprietary software and administrative support provided by Morgan Drexen, are seeing dramatic results in reducing debt.
Los Angeles (Vocus/PRWEB ) July 7, 2010 -- Investors see California’s debt as being riskier than Kazakhstan’s, according to a recent report from Bloomberg News; however, debt settlements in California are on the rise.
In 2008, the Public Policy Institute of California estimated California’s debt had reached $60 Billion and was growing rapidly. Director of Communications, from the State Treasurer's Office, Tom Dresslar, says, ''As of June 1st 2010, the estimated debt for California has risen to $69 Billion.''
California has no laws limiting the amount of public debt the state can accumulate. Therefore, Californians will carry the largest state debt burden in the nation. An estimated $4,679 per person.
Fighting the war against debt is a priority across the United States. In California, there are attorneys making a big difference with the aid of legal process software. Morgan Drexen, Inc. provides integrated administrative services to attorneys who represent consumers in severe financial difficulty.
Karen Hoeg is one such attorney who represents consumers facing the adversity of bankruptcy. She says, “Using the legal software and support provided by Morgan Drexen allows more time with clients and less time doing paperwork. It also allows financially stressed consumers the access to legal services that would not be affordable under traditional debt settlement arrangements.”
Hoeg negotiates on behalf of people experiencing hardship because of debts and medical problems and loss of employment.
In addition to her debt fighting work, she has been published in journals of the Practicing Law Institute and has written magazine articles on copyright as well as other articles related to the entertainment industry.
Debt in California is on the rise. However, attorneys like Hoeg, who are using this proprietary software program and administrative support provided by Morgan Drexen, are seeing dramatic results in reducing debt.
In 2010, debt settled by attorneys, supported by Morgan Drexen in California has reached $194,873. That debt was settled for $76, 7498. That’s an average settlement reduction of 39%. For many consumers facing high levels of debt hiring an attorney would not be an option. Using this attorney-based platform supported by Morgan Drexen helps the consumer in the fight against debt.
- Fastcase Launches Free Legal Research App for iPad
- Long Island Attorney Appointed to Trial Lawyer Academy's Board of Directors
- DocuSign Leads Coalition to Secure Congressional Resolutions Designating June 30 as "National ESIGN Day"
- The International Society of Primerus Law Firms Announces the Commercial Law Practice Group
- TEB Joins HDcctv Alliance to Develop HDcctv-Compliant Cameras and DVRs for Video Surveillance
[Via Legal / Law]