Tag: filing for bankruptcy Archive
How Does a Personal Guarantee Affect an LLC Bankruptcy?
At times individuals need to consider what would be best for them: filing for a personal bankruptcy or filing for a bankruptcy through an LLC. In many cases, small business owners will find their personal finances in ruins due to the extensive investment (of both time and money) creating a ...
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Should Consumers Consider Paying Off Mounting Debt with Retirement Funds?
The best laid plans don’t always pan out. This old adage seems particularly true when it comes to planning a lifetime of financial health and security. Sometimes the economy has a way of pulling the rug out from under the feet of even the most stable individuals. In this situation, ...
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Identity Theft is One of the Leading Causes of Bankruptcy
Identity theft can lead to bankruptcy. It’s one of the leading causes of financial stress. As an ever-growing problem all around the world, individuals are finding it harder and harder to protect themselves against identity thieves who are somehow able to obtain personal information in order to open fraudulent bank ...
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Debt Collectors: Seizing Wages and Savings
When the bills are past due, the phones start ringing. Many consumers with past due bills will attest to the fact that it quickly escalates from friendly reminders to harassing telephone calls, emails, snail mail, and even, in severe cases, potentially scary in person visits to collect on a debt. ...
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Study Indicates that Boomers are Drowning in Credit Card Debt
A study conducted by Demos, a research organization based out of New York, found that Americans over 50 are the demographic most likely to struggle with credit card debt. It’s blowing stereotypes out of the water: irresponsible teenagers and young twenty-somethings wasting their days spending money they don’t have and ...
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