Japanese mortgages

December 3, 2010
>> Bankruptcy, Debt, Mortgage

I came across these Japanese mortgage refinance TV ads and thought they were worth sharing. They don’t provide much in the way of educational value. But they are entertaining and they do remind us that people in other countries also have mortgages and deal with the same kinds of problems.

That said, it’s also a good opportunity to point out that the U.S. has by far the most progressive and forward-thinking bankruptcy laws. In Japan and elsewhere, it’s harder for individuals (and companies for that matter) to file for bankruptcy. As a result, bankruptcy filing is less common and carries a greater stigma than it does in the U.S.

Is that such a positive that more people feel ok about filing for bankruptcy in the U.S.? Yes. Because that’s what encourages risk and innovation, and that’s what enables the U.S. economy to be as dynamic, strong and resilient as it is. And as bad as the U.S. economy has been the last few years, there’s also a great deal of forward progress and adaption occurring that will contribute greatly to the recovery of our economy.

When we reach that point (and we will), make sure to thank the U.S. bankruptcy laws for playing their part in helping us get there.

Now back to the Japanese mortgage commercials:

[youtube=http://www.youtube.com/watch?v=3FqPjG1_2oI&feature=player_embedded]

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[youtube=http://www.youtube.com/watch?v=sBNcu_FTE2M&feature=player_embedded]

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[youtube=http://www.youtube.com/watch?v=S3tsxV4cJ3Y&feature=player_embedded]

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If you’re a New Yorker who feels like the guy in the commercial above, their are solutions for dealing with your mortgage and debt problems that can be dealt with without flying all the way to Japan. Please feel free to contact me for a free initial consultation and I’ll be happy to answer your questions and help you start figuring out the best legal approach for getting back on your financial feet.

Contact Bruce Weiner, Esq.

EMAIL Bruce Weiner
Phone
(718) 855-6840 (Local)
(800) 297-6840 (Toll Free)
Fax (718) 625-1966

Go to Landlords rights in Bankruptcy to learn more about Rosenberg Musso & Weiner LLP and/or to set up a free consultation.

Rosenberg, Musso & Weiner, L.L.P
26 Court St # 2211
Brooklyn, NY 11242, USA
718-855-6840
http://nybankruptcy.net/

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