“Poway Paul” was an engineer working for Qualcomm making $125,000 per year. He and his wife always enjoyed the finer things in life as a result of their hard work and good income. Paul drove a BMW, his wife drove a Mercedes, and they lived in a beautiful $750,000 home. In April, 2009, Poway Paul lost his job with Qualcomm and their life began spinning out of control. Unable to meet their monthly living obligations, Poway Paul and his wife began using credit cards to supplement their living expenses. Thinking he would get a job in the near future, Poway Paul and Priscilla did not change their spending habits and in 2 years time, they had racked up over $100,000 in credit card debt. Having maxed out their credit cards and Poway Paul still not being able to find work, they contacted The Larkin Law Firm for a consultation. They met with Poway bankruptcy attorney and debt relief lawyer Jeffrey D. Larkin. Attorney Larkin reviewed their current finances and considering the total amount of debt they owed, it was decided that chapter 7 bankruptcy was their best option. Four months later Poway Paul and his wife are completely debt free and Paul has found new employment. They are actively rebuilding their credit and will soon be able to refinance their mortgage to lower their rate and monthly payment.
If you or someone you know is experiencing a financial situation similar to the one above please contact the Larkin Law Firm to receive a Free Consultation. You have nothing to lose and your financial freedom to re-gain.
Poway is nicknamed “The City in the Country”, and is estimated to have a population of only 50,000 people. Poway is known for its miles upon miles of some of the most pristine trails in all of Southern California – making it popular among hikers and other outdoor enthusiasts. There is plenty of Native American history found in Poway, and hundreds of historical artifacts have been uncovered from beneath its soil, which also makes for great crops such as grapes for its increasing wine production and culture.
The city of Poway has an estimated median house or condo value of $485,211 and the average median income per household is $88,365.