Search Results for bankruptcy

When Bankruptcy is the Right Choice

When Bankruptcy is the Right Choice

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…

Bouncing Back From Bankruptcy

Bouncing Back From Bankruptcy

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…

Revive Your Credit, Restart Your Life

Revive Your Credit, Restart Your Life

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…

What Your Student Loan Provider Shouldn’t Be Doing

What Your Student Loan Provider Shouldn’t Be Doing

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…

Don’t Let Debt Define Who You Are

Don’t Let Debt Define Who You Are

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…

Bad Credit Isn’t a Moral Failing

Bad Credit Isn’t a Moral Failing

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…

Borders Shareholders Lost, But You Don’t Have To

Borders Shareholders Lost, But You Don’t Have To

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…

When to Leave a Failing Company

When to Leave a Failing Company

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…

Liz Weston’s New Q&A Money Book

Liz Weston’s New Q&A Money Book

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…

4 Warning Signs of Spousal Financial Abuse

4 Warning Signs of Spousal Financial Abuse

[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…

Why You Shouldn’t Pay Off Your Debt (Entirely)

Why You Shouldn’t Pay Off Your Debt (Entirely)

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…

What’s in a Credit Report?

What’s in a Credit Report?

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…

Elizabeth Warren – Finance Diva We Applaud You

Elizabeth Warren – Finance Diva We Applaud You

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…

A Newly Single Mom Gets a Plan

A Newly Single Mom Gets a Plan

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…

6 Personality Traits of Millionaires

6 Personality Traits of Millionaires

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…