Personal Finance News Thursday 5/31

Phil's Personal Finance Tip of the Day:

When is filing bankruptcy a good idea?

Fox and Friends Thursday May 31,2012

Fox News legal analyst Bob Massi explained on his Shattered Dreams weekly spot what is Chapter 7 Bankruptcy and when it is right to file for it.

Mr. Massi explains when you are overwhelmed by debt, Chapter 7 can be a good way to start over. He also explains the means tests that is administered to qualify for a Chapter 7.

To view his weekly Shattered Dreams segment from Fox and Friends:  

http://www.foxnews.com/on-air/fox-friends/index.html#/v/1664459473001/when-is-filing-bankruptcy-a-good-idea/?playlist_id=86912


Quote of the Day from Dave Ramsey.com:
It doesn't matter where you are coming from. All that matters is where you are going. – Brian Tracy

Please listen to the Dave Ramsey show live on WOR 710 from 2-4 PM EST. You can also listen to the 3rd hour 4-5 PM EST. at Dave Ramsey.com.