Bankruptcy-Not the End of the World: Thurs Feb. 23rd 6:30 pm
If consumer bankruptcy is something you are considering, come to the downtown branch of the Ann Arbor District Library this Thursday, February 23rd at 6:30pm, and get answers to your questions.
Local Attorney Greg L. Dodd will explain everything about the bankruptcy process including: how it works and how you may qualify; what debts are wiped out and which ones are not; what happens when a house is foreclosed on; what information you need to provide to start a bankruptcy case; the costs of filing bankruptcy; and how bankruptcy affects your credit.
This past January, the American Journal of Medicine released the most recent data available and found that 62% of all bankruptcies filed in 2007 were tied to medical expenses. This shocking data is from before the recession really began to take hold in 2008.
Even with the changes in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, bankruptcy in the U.S. is still an opportunity for a fresh start and not the end of the road. The library has many bankruptcy resources to help navigate these difficult waters.