Bankruptcy

Overspending and Bankruptcy

By Bill McLeod, Esq.

I was motivated to blog after reading about a study out of the University of California, Davis that claims that overspending is what leads people into personal bankruptcy. Over-spending. Should we congratulate them for mastering the obvious? Don?t get me wrong, I know that people spend more than they can handle (this might actually come as a tremendous surprise to the folks at UC?but many businesses, and governments, such as the federal government of the United States, do the same thing). But the conclusion of this study is far from fair.

Full post as published by McLeod Law Offices on September 03, 2008 (boomark / email).