With a record 9,660 bankruptcies filed in 2003, Idaho now ranks as ninth highest state for financial defaults. According to credit experts, the average household in Idaho now carries $10,000 in consumer debt. How does your neighbor’s bankruptcy affect your life, and if you’re in financial trouble, what are the best ways to climb out of debt?
Marcia Franklin interviews two legal experts on the subject, including Chief Bankruptcy Judge Jim D. Pappas, who has written and lectured extensively on bankruptcy law. Franklin is also joined by Kelly Greene McConnell, an attorney who specializes in credit recovery and bankruptcy, and is the chair of the bankruptcy section of the Idaho Bar.