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Thursday, May 20, 2010

Sliding Backwards - A Lawyer Takes a Bad Turn

It seemed like a normal day for David when he went to the sidewalk on the way to get his morning coffee. David was a prominent criminal defense living out his dream of a legal legend. David was three years out of law school and has already made a name. He bought a beautiful home, a nice BMW, good clothes, an excursion steamer and a country club membership. He was always criminal of the high-end white collar. David felt his future was bright with betterthings to come. He never thought he would need credit repair to get its finances back in order or a PR firm to improve its reputation.

David took a case that would cost him more then he could imagine. It was an entrepreneur and developer of building and selling homes through the region. What not to do, paid his bills. He was taking money that is supposedly in trust account and using it in provider pay and live lavishly was. He was able to stay ahead of the gameAs long as the market was hot. The developer had managed to convert his business into a Ponzi scheme. When the market turned cold, broke the plan. Hundreds of people lost their homes. The developer and came under fire, because the writing on the wall, prepared for the bankruptcy. His first assignment was to a villa in Florida since the house would be protected under Florida's bankruptcy sale.

When it became known that this man bought a house, have safe from creditors while hundreds of peoplewatched their house to fall victim to liens and foreclosure, the proverbial scat hit the fan. David, the other party's lawyer was the public face of the man. The advertisement was so bad that David needed protection coming into the courtroom. There were restaurants, he could not go because the owner lost a home or knew someone who has. His personal life began to suffer from the media storm. David began to drink a little every night.

In the course of several monthsduring the preparation for the trial began, David, to feel the pain of all the victims he stopped. Hundreds of families told their tails, cheated out of their homes. David began to drink during lunch and never before encountered, the contractor first without a stiff drink. The work was piling up and David was overwhelmed. He forgot his bills and expenses, and began missing payments. If the client cash reserves, where small, he paid for services with title deeds, which are provedfraudulent.

Dave ended up losing almost everything including his reputation. After his client was put in prison, Dave began long hard work of the revival of his name. If the loans were secured by fraudulent title deeds was due, Dave felt his financial world fall apart. Dave tried to help credit and had to move his practice in a city in Florida, where no one knew his name.



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