Bankruptcy still has that whiff of shame and failure, but in some cases it's the best possible move under the circumstances.
The question is: Which circumstances signal that declaring bankruptcy could be the smartest move for you? Personal…
This post is a follow-up to Debt Diets Part I and Part II.
Mary Reed and Gerri Detweiler are co-authors of "Debt Collection Answers: How to Use Debt Collection Laws to Protect Your Rights." They…
Allison is a pseudonym for a DailyWorth reader who shared her story of bk recovery.
I remember the day I went bankrupt. It was the moment my debt finally outweighed my shame. I'm bipolar, and one of the…
“I’m only 29 years old, but I purchased a car with a high-interest rate and am now behind in my payments and may have to declare bankruptcy. I finally settled down in Georgia after moving from…
Thinking about filing for bankruptcy, but worried about whether you’ll ever recover? It’s actually a chance to rebuild your credit and your life, says Ed Boltz, an attorney and board member of the National Association of…
Many college students graduate with student loans. Many of these borrowers, though, don’t know that making sure they make payments is only one thing they should be aware of.
Recently, the Consumer Financial Protection Bureau (CFPB) elaborated upon…
A few weeks ago, I took a call from a woman who was concerned that her bankruptcy would turn off any man she dated, thus creating a “no-fly zone” in her chances of remarrying. Her second marriage…
I wasn’t careless with my money. I just couldn’t have foreseen my life taking the path that it has — or have planned for it.
I have awful credit, and I'm not the only…
Photo Source: awornpath.com
As consumers, we mourn the demise of Borders bookstores. But as investors, we can learn much from the tragic tale.
Borders Group, which went public in 1995, reached a high of about $40 per share in…
For embattled employees of RadioShack, Wet Seal and other companies facing possible bankruptcy, the time to find a new job is long before the company goes under.
Shares of RadioShack Corp. plunged 36% over the last 24 hours after The…
Got money issues, but don’t feel like falling asleep over another dull, dry personal finance book? Liz Weston’s newest book, “There Are No Dumb Money Questions,” reads like a reality show of people&rsquo…
[Editor’s Note: The following piece contains descriptions of graphic violence.]
One summer afternoon, then 15-year-old Nancy Salamone was hanging out on the boardwalk at Orchard Beach in her hometown of the Bronx, when she caught sight of…
When I was a mortgage broker in 2005, it was a common practice to bundle homeowners’ debts into their refinance or their purchase. The rationalization was that a person could start fresh, with zero unsecured debt, and stay that…
When you’re trying to build your credit — or just being vigilant about avoiding identity theft — it’s important to check your credit report regularly. Each of the three nationwide credit reporting agencies (Experian, Equifax and…
One of America's fiercest consumer advocates, Harvard Law professor Elizabeth Warren, was tapped by President Obama last week to become the interim leader of the brand-new Consumer Financial Protection Bureau, dedicated to making sure that ordinary people…
Heard any good pick-up lines lately? How about:
“What’s your credit score?”
“How much revolving debt do you have?”
“Ever filed bankruptcy?”
Probably not. These aren’t usually…
My name is Stephanie and I’m a domestic violence survivor. I prefer the word survivor, not victim. I’m also a newly divorced parent to two wonderful girls, ages four and six.
I have a great job…
Is there a millionaire gene? Some inherent DNA configuration that makes one person more likely to have a higher earning potential than someone else? If only it were that easy. Elle Kaplan, the CEO and founding partner of LexION Capital…
Credit cards can be a convenient, safe way to make purchases and build your credit scores. Or they can be an expensive nightmare that could put you in bankruptcy court.
The difference isn’t so much in the cards you…
For my bat mitzvah, my dad gave me a check for a thousand dollars, a gigantic sum for a suburban teen in the ’80s. It was extravagant, and I was appropriately giddy, plotting exactly what I would use it…
