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Krasker Law Student Loans

Paul A. Krasker, Esq. founded the Law Office of Paul A. Krasker, P.A. on July 1, 2009 and previously was a name sharehold within the commercial department of the law firm of Moyle, Flanigan, Katz, Breton, White & Krasker, P.A. in West Palm Beach. Mr. Krasker practices in the areas of real property, business and general corporate law. His corporate practice centers on counseling businesses on entity...

Bankruptcy: It Can Happen to Anyone!

An overwhelming number of individuals who are considering filing bankruptcy seem to feel an equally overwhelming emotion: shame. Many people feel as if they are abandoning their responsibilities or are concerned about the stigma associated with the concept of filing bankruptcy.

However, in current economic times, following a housing market crash that was virtually unprecedented, filing bankruptcy means something completely different. It is a financial choice and a way to create a legitimate settlement with creditors so that the individual can move on with their lives. Let’s face it: most people could not have ever predicted that they would lose their jobs, such a significant amount of their income, or even their home equity, before the housing crash. For this reason, bankruptcy is a choice that an increasing number of professionals are making, in order to pick up the pieces of a difficult economic time and start fresh.

Even very wealthy individuals and celebrities have been affected by the economic downturn. Actor Burt Reynolds and comedian Chris Tucker both owned properties in FL that were reportedly in the process of, or sold, as a short sale. Additionally, singers David Cassidy and Rihanna, and NFL player Terrell Owens, as well as ex-NBA player Allen Iverson also found themselves in various stages of the foreclosure process in the recent past.

Bankruptcy is an option to manage finances, and to create a situation for personal financial growth in the future by creating a fresh start. It is not something that should ever cause an individual to feel shame. It is a way to get out from underneath debt that is just too overwhelming, and it is a vehicle to create stability for the future.

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