In the world of big name stars and sports heros, there are plenty of stories of them filing for bankruptcy. The latest is the former rookie of the year Jose Canseco. It looks like he was “living large” for too long and had some bad investments too. The moral of the story is that the problem is that he made a lot of money for a long time, but when that dried up, he couldn’t live the same lifestyle and ran into debt, and, he owes over $500,000.00 to the IRS. It’s not what you make, it’s what you spend. See the story.

http://sports.yahoo.com/news/jose-canseco-files-chapter-7-190425440–mlb.html

Most people I see don’t have problems nearly as large, but they are still serious. If you have questions about your financial situation, call for an appointment. We have offices in the Chicago Loop, Oak Lawn, Skokie, and Waukegan.

Daniel J. Winter
LAW OFFICES OF DANIEL J. WINTER
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djw@dwinterlaw.com
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