Imagine life without high scool football games, homecoming, prom, or student governement
The recession has impacted life as we know it many ways. We have seen its impact by the surge in the number of bankruptcy petitions filed in the past few years. The economies financial struggles have also hit our school systems. Last year, my son’s high school laid off 16 teachers in an effort to [...]
Public Perception of Bankruptcy – Then and Now
As we are nearing the end of the largest recession of my life time, I shall reflect briefly on the victims of this financial meltdown and the impact it has had on my profession as a bankruptcy attorney. Then … In early 2005, Congress was fine tuning legislation of a new bankruptcy bill that would [...]
The Question : Should I File for Bankruptcy?
The Scenario : It is a Friday afternoon and I am meeting with my last appointment for the day. The couple is a mid-30s couple who have two young children. We have just discussed their financial situation, 4 credit cards of about $36,000, unpaid medical bills of another $5,000, a deficiency balance from a repossessed [...]