CBS quotes Lawless on when to file bankruptcy

When struggling with debt, many people delay filing for bankruptcy as long as possible; however, delaying may be more harmful than many realize. “People misunderstand bankruptcy and wait too long to see a bankruptcy lawyer. Most people would benefit by going earlier,” Professor Robert Lawless told CBS in a new article about the timing of personal bankruptcy filings. Lawless also shares tips for those who may need to file and his opinion on how the system could be improved.