The Bankruptcy Bind

Last year more than one million Americans filed for bankruptcy and thanks to the recession that number is likely to rise this year. Bankruptcy is supposed to give consumers a fresh start but new research shows that some people find themselves in worse financial shape after filing. Moreover, a 2005 law made it more difficult for people to file for bankruptcy. How should consumers navigate this complex system? Sheryl Harris, consumer columnist for the Plain Dealer, will sit in for Regina Brett to talk about bankruptcy reform and re-reform. Building a better bankruptcy, Friday morning at 9:00 on The Sound of Ideas®.