Search Results for: blog warning signs of possible bankruptcy

Bankruptcy… Should you??

I came across a thread in our forums today about Bankruptcy Law. It got me thinking we should have a money blog discussion on whether or not bankruptcy is good or bad. Unfortunately, many individuals see bankruptcy as a quick solution to their debt ills. Sounds cool to have a magic fairy come in and wipe your problems away. This specific Families forum thread noted the changes in the laws recently. Luckily the changes try to address this magic fairy situation, basically forcing bankrupt individuals to still pay their debts through a slower managed method. “Luckily” you may ask. Shouldn’t … Continue reading →

Bankruptcy

The legalities of bankruptcy can be confusing. Let’s discuss a few of the basics to help provide you an overview. Even if you don’t think you ever might need to file, this information can be helpful in general for discussing finances with others or even just reading the paper. Chapter 13 is the simplest personal type of bankruptcy. It is the mildest; as it helps you pay off some of your debts and allows you to keep certain assets. This kind of bankruptcy is important for home owners, because they will be allowed to keep their house. It protects you … Continue reading →

Is it Right to Marry for Money?

Take a moment to consider the first response that popped into your head when you read that question. Was it an emphatic no it’s not right to marry for money? Was it a casual “eh, I wouldn’t, but it’s okay for some people”? Was it a ‘sure’ as long as both parties agreed to it? The reason I ask the question is simple, a lot of people would insist that it is wrong to marry for money, because they think you should only marry for love and that anything else is just a bad idea. But is it a bad … Continue reading →