Bankruptcy

Storm Preparation: Talk to Your Kids

By Bill McLeod, Esq.

When I was growing up, I was never made privy to my parents? financial affairs. I never knew if things were ?bad? (primarily because we were lead to believe they always were ?bad?) and we never really knew if they were ?good? (if for no other reason, because we assumed it was bad). We still had a black and white Zenith TV with no remote (unless you considered me being the remote). We were a one car family. We did not have cable TV. And we also did not face foreclosure.

If we had, I imagine there would have been some sort of a ?family meeting.? After all, if my parents were going to lose the family home, I would want to know why. I would want to know why I would have had to move into a new house ? why I might have to change schools ? and would want to talk about what I might have had to tell my friends. Of course, that was then; the black and white TV is long gone.

Full post as published by McLeod Law Offices on April 16, 2008 (boomark / email).