Tuesday, September 15, 2009


DOLLARS & SENSE

Tips for considering bankruptcy



posted by Ka Lee Angel Lee


Monday, September 14, 2009
W hen should one file for bankruptcy, what is protected and how do you go about it? Unfortunately, there is no formula, but an overall position of being financially stuck with no end in sight from consumer and medical debt is a starting point.
A readily apparent trigger is being consistently behind on mortgage payments while facing the threat of foreclosure. A more subtle one is only being able to make minimum payments on unsecured credit cards and other debts.


1 comment:

  1. I think that this article is very interesting and can be very useful for people coping with the economy today...several people are strapped for money and filing for bankruptcy may be a viable option temporarily until they can regain their financial status

    Posted by: Christina Dove

    ReplyDelete