The New Face of Bankruptcy: Public Employees

There was a time not so long ago when, if you worked for the government, you could depend on a steady paycheck and decent retirement -- you might not lead a lavish lifestyle, but you could keep a roof over your family's head, put shoes on their feet and food on the table. None of those things are givens any more, according to an attorney who specializes in bankruptcy. Michael Greiner says that he's seeing more public employees filing for Chapter 7 bankruptcy.