Millennials and Gen-Xers faced with filing Bankruptcy

NEW YORK (MainStreet) — Kristina McKinney was left with no recourse when her mother used her identity and rented six apartments during her stint in the army, leaving her on the hook for the unpaid rent.

When the creditors started garnishing her wages, McKinney, 23, who is now a manager at a Walgreens drug store in Colorado Springs, Colo., faced only two heartwrenching options – file a police report and send her mother to prison for fraud for the leases she signed over five years or file for bankruptcy. Unable even to obtain a cell phone contract or rent her own apartment because of the debt, McKinney decided her only option was to file for Chapter 7 in January.

“I feel like I did the right thing even though it sucked,” she told MainStreet. “The debt made me look like an irresponsible person.”

Are you afraid to open the mail or answer the phone? Making the decision to file bankruptcy can be difficult but sometimes it’s necessary to take control over your life. If you can’t manage your debt and want to know if bankruptcy is the best choice call today at (410) 484-9000 and let us help you make the best decision for you and your family.

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