While the thought of bankruptcy can be traumatic for a person or a business, part of the strength of the American economy is our bankruptcy system that gives everyone an opportunity for a clean start and another chance at financial success. Bankruptcy rates have been soaring lately. In fact, according to the Administrative Office of…
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Filing Bankruptcy: Pros and Cons
Guest Contributor Christopher C. Carr , Esq., MBA explains the types of bankruptcy and weighs the pros and cons of filing bankruptcy. In these troubled economic times many people are having difficulties paying their bills and may be wondering whether a bankruptcy will help them. To examine the various strategies available to avoid bankruptcy, we…
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