A Newsweek article published in the January 12, 2009 issue and available online tells readers that bankruptcy is something that more people should consider.
The article explains why most people facing large consumer or medical debts should file bankruptcy before tapping into retirement savings or their children’s education savings, which are largely protected in bankruptcy.
The article advises everyone to evaluate their own financial situation and make the decision that is best for themselves. Consulting an experienced bankruptcy attorney is an important step.
A qualified bankruptcy attorney can explain how Chapter 7 bankruptcy can clear your unsecured debt, or how Chapter 13 bankruptcy can help you catch up on past due mortgage payments so you can stop foreclosure on your home.
