Home  |  Personal Finance  |  Investing  | 

Declaring Bankruptcy

Is bankruptcy ever the right option?

To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player
David John Marotta
President, Marotta Wealth Management, Inc., Marotta Wealth Management, Inc.
http://www.emarotta.com  
434-244-0000

David John Marotta is the President of Marotta Wealth Management, a fee-only financial planning and asset management firm in Charlottesville, Virginia. He is an oft-quoted writer and speaker on financial matters and his weekly financial column can be found at www.eMarotta.com

Is bankruptcy ever the right option?

 

This expert: 182,302 views

This series: 10,070 views

Download to Mobile Device
Tags:

Money

,

Finances

,

Investments

Comments:

0 (Read Comments) (Add Comment)

Print

Transcripts

Host: Is bankruptcy ever the right option?

David John Marotta: Yes, sometimes bankruptcy is the right option, most people want to honor their debts and that is good it is an honorable thing to do. But some times a families debt has spiral out of control, they feel helpless, they feel desperate, and bankruptcy is a better option then doing any thing that might be Illegal, Immoral or dangerous.

Other Videos

  • Improving your Credit Score

    Improving your Credit Score

    In this video, financial planning professional and member of the Financial Planning Association®, Cal Brown, MST, CFP®, describes the four important steps to improving your credit. This video is designed for individuals who have poor credit and are looking for tips to improve their credit. This video series includes an overview of checking your credit, reading and correcting credit reports, improving your credit and getting out of debt.
  • What investments fall in the asset class "Hard Asset Stocks?"

    What investments fall in the asset class "Hard Asset ...

  • How to Repay Your Student Loans

    How to Repay Your Student Loans

    This video will explain the best ways to reduce your student loans quickly, and save money while doing so.
  • What is capital gain?

    What is capital gain?

    Basic information to prepare an individual income tax return, Form 1040 and the basic schedules. This video is designed for those individuals who want to undertake the preparation of their tax return. There are tips and pointers for those who have attempted this feat in prior years.
  • How Do I Handle Collection Calles From My Lender

    How Do I Handle Collection Calles From My Lender

    Christian Bohyn, a Belgian Real Estate Investor who lives in Florida and has lost millions of dollars in real estate explains how to handle phone calls coming from your lenders collections department. He is a Senior Partner of MonkeySold, a company that specializes in processing short Sales and helping people in selling their homes fast.
  • Should I give my kids an allowance?

    Should I give my kids an allowance?

    In this video, Deputy Editor of Kiplinger's Personal Finance and author Janet Bodnar answers questions on the many issues surrounding what kids should know about money.