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Monthly Archives: May 2010
Feeling Guilty About Filing Bankruptcy?
When I meet with people who are considering filing bankruptcy, they often feel ashamed and guilty about their situation. They never planned on or even imagined having to file for bankruptcy, but health issues, job loss, and other life-changing situations … Continue reading
LawHelpMN.org Garnishment Fact Sheets
The website, LawHelpMN.org, has a couple of informative fact sheets posted that pertain to garnishment: Income and Property Protected from Creditors Garnishment and Your Rights
Garnishment in MN
When I meet with people who are going through a financial rough patch, they are usually concerned about the possibility of their wages being garnished. This is a reasonable fear, because according to a recent article in the New York Times, … Continue reading
Strategic Default
Last night, on 60 Minutes, there was a segment about people strategically defaulting on their mortgages. Watch the video to gain some insight into why people are doing it, and how they struggled with deciding whether they should do it.