WASHINGTON (DC News Now) – As more families struggle with high living costs and mounting credit card debt, bankruptcy attorneys and credit counselors say consumers should understand their options before their finances reach a crisis point.
Northern Virginia Bankruptcy Attorney Ashley Morgan said her practice has been increasingly busy, particularly as federal workforce reductions and cuts to government contracting have affected workers and small businesses across the Washington region.
Morgan said the two most common forms of consumer bankruptcy are Chapter 7 and Chapter 13…