David John MarottaDavid 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
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.