It seems like "everybody" is doing it -- or talking about it. More than 91,000 Americans filed for Bankruptcy in May. By year end, the American Bankruptcy Institute estimates that more than 1 million Americans will file. That means one in every 100 families will be affected. And nearly 10 million Americans have filed since the turn of the century!
Is bankruptcy the way out? Not for student loans, back taxes, child support and some other obligations. But are YOU considering bankruptcy?
Do you worry about the "moral" aspects of defaulting on your borrowings?
I'd like to hear from you!
Terry Savage writes a syndicated personal finance column for the