Bankruptcy has an unfairly negative reputation. Far from being evidence of personal failure or irresponsibility, it is, instead, a way for an individual to take responsibility for their situation and make improvements for the future.
Young people in Maryland and elsewhere around the country are having difficulties keeping up with their credit card bills, according to a recent New York Federal Reserve report. The central bank's Quarterly Report on Household Debt and Credit for the first quarter of 2019 reveals that almost 1 in 10 millennial and generation Z borrowers have not made credit card payments for 90 days or more. This is the highest delinquency rate among young borrowers in eight years.