Brad Perri, a bankruptcy attorney in Minnesota, will be joining us as a guest editor for the next two weeks
Bankruptcy is the granddaddy of all consumer protection laws. Before bankruptcy, debtors had to work off their debt as slaves or by dangling begging cups out of the window of the debtors’ prison. The Founding Fathers included bankruptcy in the U.S. Constitution. Which makes sense, really. Debt slavery seems contrary to the whole democracy thing.
So for the next two weeks, Brad will explain what bankruptcy is, why consumers should not be afraid of it, and more. Stay tuned!