Does bankruptcy counseling help debtors establish a fresh start?

With a struggling U.S. economy and a large number of employers downsizing their operations, many Americans are finding themselves in severe financial distress. In some cases, individuals decide their only solution is to file for bankruptcy. The American Bankruptcy Institute reported 1.4 million consumer bankruptcy filings in 2009 and a 17.5 percent increase in the number of bankruptcy cases filed the first three months of 2010 compared to a year ago.

Read the whole article on Physorg

More from Physorg