Bankruptcy: Doomsday? No, but …

A quote from Max from the Chicago Tribune.

The advantage of bankruptcy is that foreclosures, evictions, repossession, garnishment of wages or Social Security payments, utility shut-offs and collections calls stop. If a person waits too long to file, a legal judgment might eliminate options for saving an asset.

“Do not wait until the car is on the verge of repossession or two days before the home is foreclosed,” said bankruptcy attorney Max Gardner.