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Bankruptcy is a huge decision that shouldn’t be made lightly. Anyone who considers filing needs to know the repercussions and benefits of filing, including the potential effects it has on employment. Some people fear that filing for bankruptcy may end in losing their jobs or being unemployable for future positions. While some concerns are valid, participants shouldn’t be afraid of…
Most consumers have the wrong perception that when a company files for bankruptcy, they are signaling the end of their history. We’ve seen it with huge names recently, such as Neiman Marcus, JcPenny’s and Forever 21. However, some companies show that bankruptcy could be a game-changer in the future of their business. You just need to know how to use…
Most people dread the moment when an unlisted number pops up on our phones. We don’t know who is on the other end, so we tend to let it go to voicemail. There may even be a moment of panic before we listen to the voicemail. It’s a daily experience for those suffering from debt. They can receive dozens of…
Most consumers are aware of the impact of a bad credit score. It becomes a roadblock for receiving loans, applying for apartments or buying a car. Luckily, there are some ways to improve your credit score and ease barriers along the way. Know your score The first step is knowing your starting point, so you need to find your credit…
Mortgages are fairly common. Anyone who buys a home or knows they will receive a mortgage loan until the property is paid off entirely or you decide to move. However, most people do not know that you can take out additional mortgage loans on your home, essentially using it as collateral. Should you take out a second mortgage? For some…
The temptation is there. Like 30 million other Americans, you are out of work as economic hard times have struck thanks to the COVID-19 crisis. Many of us are up in arms about our current and future states of finances. But what is that temptation? It is dipping into your retirement accounts as a short-term remedy for much needed cash.…
Most people imagine their retirement as the prime time of their life. They do not have to spend the day slaving away in an office, nor do they have to worry about their children’s expenses. They can just focus on living their best life. However, bankruptcy often seems like a threat to that dream, especially as more seniors file for…
Most people who file bankruptcy only need to do so once for a fresh financial start. Yet, you may still find yourself in dire straits after your initial case. You may have experienced another unexpected financial hardship. Or, considering your necessary expenses, your means may prove difficult to live within. If you find yourself unable to pay off bills and…
Due to the events of the last three months, many small businesses are taking drastic action to protect and save their companies. Some owners resort to marketing ploys or shifting to an e-commerce model. While other companies may need more action, possibly restructuring their business model. According to Harvard Business Review, restructuring a company may be the key to protect…
Most people complain about all types of bills. Or they wish they had more income for vacations, clothes or fancy cars. However, there is a significant difference in wanting more money and needing more money. Because complaining about money is so generalized, most people do not sufficiently know when they are heading towards a difficult financial situation. What to watch…