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Wednesday, March 18, 2009
Ind. Courts - "Is Bankruptcy the Answer? – Part 1"
This story by Sarah Platt appears on the WNDU South Bend website. A quote:
Compared to the other 50 states, Indiana and Michigan rank among the states with the highest number of bankruptcies. Tennessee tops the list for most bankruptcies in 2008. Indiana is in fifth, Michigan ranks six, and Kentucky is at seven. And at the other end, Wyoming comes in at number 50.Joe Bradley knows Indiana's numbers all too well. He's a Chapter 7 Trustee for the U.S. Bankruptcy Court in South Bend. Bradley works with debtors to recover assets to the benefit of creditors.
“The vast majority of them would like to be anywhere else other than the bankruptcy court, they consider it, most of them consider it, not a financial failure, but a personal failure, some consider it a moral failure,” says Bradley. “This is a difficult decision for nearly everyone who goes through it.”
Posted by Marcia Oddi on March 18, 2009 08:10 AM
Posted to Indiana Courts