NO! Now here is why.  Many of the older debtors that come into my office to file bankruptcyare there NOT because they are bad with their own debt but rather their children are reckless debtors.  It is natural that you want to do everything you can to help your child.  But stop and think about this, if [...]

The bankruptcy laws were changed in 2005 to keep people from abusing the system, but the changes are making it harder for everyone to file, including all the honest and hardworking people who are looking for help and protection under the bankruptcy laws. 
For most people, the reason it is harder is not because the changes keep more people [...]

David Yen, a colleague of mine from Chicago, writes over at Credit Slips about how many people file for bankruptcy to keep their utilities on during a long, cold winter (or a long, hot summer in the case of an over-worked air conditioner). David aptly notes that filing for bankruptcy is not always the [...]

On March 7th, the Senate Homeland Security and Governmental Affairs’ investigative subcommittee heard from both sides of the growing debate on credit card practices.  According to a report by AP reporter Marcy Gordon, the subcommittee took testimony from the executives of Chase Bank USA, Citigroup Inc. and Bank of America regarding what most see as [...]

Florida is one of the States that is unique when it comes to filing for bankruptcy.  In a bankruptcy case under chapter 7, you file a petition and schedules (fancy names for the documents filed with the Court) asking the court to discharge your debts. The basic idea in a chapter 7 bankruptcy is to [...]