Bankruptcy is an interesting topic. The truth is that no one ever wants to file bankruptcy. After all, doing so will cause major harm to a credit portfolio. However, if you’re dug in too deep, it may be an impossible to avoid reality. So, should you even try to avoid it? Well, that depends on … Read more
There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and … Read more
Like poverty, bankruptcy is often seen as a moral issue, instead of a financial one. The stereotype of the person who files bankruptcy is that of an irresponsible, lazy individual, who spends well beyond his means or intentionally racks up huge credit card debts, then shirks his financial responsibilities by filing bankruptcy. The truth is … Read more