Life After Bankruptcy

14 Feb Life After Bankruptcy

Is there life after bankruptcy? Yes, but . . .

Be careful. You get a fresh start, and you get to use it wisely.

Professor Katherine Porter of the University of Iowa School of Law recently found that one in four debtors was struggling to pay routine bills, and one in three debtors reported an overall negative financial situation, one year after bankruptcy.She believes that this was mostly due to unavoidable unemployment, illness, injury, or old age.

The bright side is that the VAST majority of debtors took advantage of their fresh start and maintained financial strength. That is good news, indeed.

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L. Jed Berliner practices exclusively in consumer bankruptcy, foreclosure defense, and related consumer protection litigation such as credit card defenses and suing debt collectors. He established his Springfield, MA practice in 1988. Attorney Berliner is a regular and active contributor to the Bankruptcy Law Network, the Bankruptcy Roundtable, and the National Association of Consumer Bankruptcy Attorneys, three specialized consumer bankruptcy forums on the Internet, and is an informal mentor to regional practitioners. He is recognized by his peers as an expert in consumer bankruptcy issues. He thoroughly enjoys being rated "excellent" in his client surveys.

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