It’s a normal progression. Many folks struggling with debt get to a point where they start considering using their retirement savings to get out of debt completely or significantly reduce the total balance owed. Folks ask us all the time: Should I use my retirement savings to pay my debt? As a bankruptcy lawyer, I know that most folks can protect their retirement savings and get out of debt by filing bankruptcy. I don’t know about you but that seems like a win-win. The reason why...

Why So Many People Feel Stuck With Debt Many good, hardworking, smart people end up feeling trapped by debt. You’re not alone, you're not the first, and you won't be the last. There are many reasons that lead folks to end up in overwhelming debt such as job loss, medical bills, reduced income, or some other type of financial disruption that throws things off balance. Debt is insidious because it almost always starts off with feeling manageable, but for many it slowly begins exceeding your...

If This Sounds Familiar, You're In the Right Place You’re careful with your money. You track your spending to make sure you have enough money to pay your bills, and you mostly pay them on time. You’re doing everything right. Yet, after the bills are paid at the end of every month, there’s almost nothing left. There's no cushion in your budget. No room to breathe. You're cash poor. Just the stress of knowing that one unexpected expense, one emergency, would throw everything off. If it...