Carolyn Johnson, Esq., Legal Aid of Southeastern PA, Delaware County Division, discussed bankruptcy, a legal filing we’re hearing more and more about.  We discussed debt, overextended credit cards, mortgage issues, and for many Americans – medical bills, that can sink a household.  Ms Johnson walks us through the types of bankruptcy, who can file and the ramifications on your property and your future credit. For many it can provide a ‘fresh start’ and an opportunity to begin over, but it does not generally erase Student Loan debt, Federal Tax debts, Secured debt or alleviate court ordered payments such as spousal or child support.  Ms Johnson begins with negotiations to reduce the debt or create a payment plan, she verifies all debt and assets and works to save assets or protect homes and vehicles whenever possible.

For more information, or for resources in your community go to lasp.org.