"… trusting the wrong person can have staggering costs: lost homes and broken lives" says this msn MoneyCentral article. This well-researched article is based on examples from 2002 and 2003, but I can't imagine that the problems are anything but worse after the 2005 bankruptcy laws that made the procedure much more complex and therefore more expensive for attorney fees. Click here to read the article.
- Be careful of offers for a new credit card!
- Can I Keep My Car in Bankruptcy?