A Bankruptcy Lawyer's Take on Dave Ramsey | Summary and Q&A

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February 3, 2017
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Consumer Warrior
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A Bankruptcy Lawyer's Take on Dave Ramsey

TL;DR

Bankruptcy attorney John Skiba explains his support for Dave Ramsey's approach to debt management, while acknowledging that bankruptcy is necessary in certain situations.

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Questions & Answers

Q: How does John Skiba feel about Dave Ramsey's approach to dealing with debt?

John Skiba is a big proponent of Dave Ramsey and has a lot of his books, as he believes it is a great way to manage debt.

Q: Did Dave Ramsey's company provide credit counseling classes for those going through bankruptcy?

Yes, people who filed for bankruptcy had to take two credit counseling classes, one before and one after filing, and Dave's company provided the post-bankruptcy course.

Q: Is Dave Ramsey anti-bankruptcy?

John Skiba doesn't believe Dave Ramsey is anti-bankruptcy, as he acknowledges that bankruptcy is necessary in certain situations.

Q: When is bankruptcy necessary?

Bankruptcy is necessary in emergency situations such as pending foreclosure sales, car repossession, or wage garnishment that prevents basic living expenses. It is also necessary when there are no realistic options for repayment, such as overwhelming medical bills or collapsed businesses with personal guarantees.

Summary & Key Takeaways

  • John Skiba is a bankruptcy attorney who supports Dave Ramsey's approach to debt management.

  • Skiba reveals that Dave Ramsey's company used to provide credit counseling classes for those going through bankruptcy.

  • Skiba acknowledges that while he agrees with much of Ramsey's advice, there are situations where bankruptcy is necessary.

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