Two diametrically opposed schools of thought exist in regards to debt. One school of thought believes that debt can be beneficial when used strategically. The other insists that debt is dangerous and should be avoided. Certainly, many other financial approaches embrace the “middle ground” between these polar opposite extremes. However, it is worth exploring the extremes in order to better evaluate which middle ground solutions may make the most sense for any potential borrower.
At the Law Office of Christopher P. Walker, P.C., we work with many clients in the Anaheim area who have investment properties. Investment properties can bring in a substantial amount of supplemental income, so naturally many people who are considering bankruptcy worry about how their filing will affect these properties.