Why Bankruptcy?

Its my experience that loss of income leads more people to file bankruptcy than any other reason. Folks think that they are in good economic shape if they can handle their monthly payments. That plan works most of the time. But if they experience a loss in income, it can make it impossible to keep the bills current. Continue reading

Older Americans Bankruptcy Filings On The Rise

The elderly are filing more bankruptcies than ever before. Twice as many as they did 15 years ago. My experience with older clients is that their cost of living keeps increasing. The live on fixed incomes and can’t keep up with expenses. They don’t want to turn to family for help. So they end up using credit cards to make ends meet. Eventually, they can’t keep up with credit payments. When things get out of hand, they seek my help. Continue reading