Is bankruptcy ever the right option?

    Published: 06-16-2009
    Views: 16,794
    David John talks about if bankruptcy is ever the right option.

    David John Marotta

    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

    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.