With more than 11 percent of mortgages in this country deliquent or in foreclosure (with Bakersfield among the worst hit), many people are either walking away from their homes, or thinking of doing so. This article from the NY Times discusses what to consider if you're thinking about walking away. It's also a good primer for some of the issues we'll be discussing with our guest today, acclaimed bankruptcy attorney Leonard Welsh.
I had lunch with Leonard on Thursday and can say the following: this promises to be perhaps the best show of the year. And, yes, I'm thinking all the way into Christmas.
- Mark
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