The Problem
America’s entire economic system depends upon each of us — business people and private citizens alike — honoring our contractual debt obligations. If every person were to stop paying down business, mortgage, and credit card loans, creditors would cease lending. The economy would grind to a halt, as businesses and individuals would lose the most powerful tool for economic growth in recorded history — debt.
Courts provide the only means for ensuring the integrity of our delicate system of private property rights — a system that has enabled humankind’s unprecedented emergence from a state of abject poverty. By recouping outstanding debts, a creditor strengthens the economy for everyone: money collected is immediately put to use servicing the cash flow needs of the creditor, in turn benefiting downstream service providers; consumer prices are kept constant or even decrease as losses that would otherwise be written off are averted; and the debtor’s credit rating increases, lowering his or her future cost of borrowing.
Properly undertaken, filing suit — that is, employing the court system to function as it was intended — can save untold time, money, and stress. Hire the Law Office of Robert George Lipman to represent you.
“Allies Day” (1918) by Childe Hassam