Bankruptcy protection is designed to provide people and companies with a way to discharge at least some of their debts and start over. And one of the very first steps to reboot your financial life involves rebuilding your credit score.
Where are we now? Income disparity soars, student loans threaten to be the next subprime mortgages, and millions of Americans struggle daily to make ends meet. Unmanageable, crippling debt is still harming millions of American families.
Even though there's so much variety in the market for credit scores, most scores are drawn from the same basic elements. Want to take some of the mystery out of credit score calculations?
There is little doubt that lack of sufficient money constitutes a major stress and contributes to bodily ills. Our attitudes toward money undergird much of our lives, impacting our lifestyle and sense of well-being. Yet many of us ignore the task of managing our finances, often with dire consequences.
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble. But workers who move to a place like Atlantic City for a job and invest in a home have no such protection.
As the result of an unprecedented "search and destroy" campaign by Occupy's Strike Debt Working Group and their Rolling Jubilee team, 2,761 individuals have been unburdened of their student debt to the tune of $3,856,866.11.
Buried within the bankruptcy of Detroit is a fundamental political and moral question: Who are "we," and what are our obligations to one another?
Is there a correlation between the drop in unions and the drop in defined benefits plans? It certainly seems like it. As defined benefit plans are going away, so is the safety net for older Americans. Most bankruptcy filers are under age 54, but there is a steady rise in bankruptcies of people over age 55.
The City of Adelanto, California, greets visitors with a sign, proclaiming it to be a city of "unlimited possibilities." However, when you drive through this small town in the Mojave Desert, it is clear the city is known for only one possibility: incarceration.
We've heard about the most spectacular falls -- such as Mike Tyson and Kareem Abdul Jabbar -- but, unfortunately, this sad outcome is far from rare.
There's a proverb that says that the real measure of your wealth is how much you'd be worth if you lost all your money. And for me, no truer words have ever been spoken!
Lawsuits can be messy affairs, and the one filed in 2013 by financial investor Edward Houillion against a print studio (Seikilos FX Studios) in Dallas, Texas, is a mess that has sucked in a number of artists.
People who haven't been through hard times consider themselves smarter and wiser for having avoided the wall you hit. But what they don't understand is if we garner the necessary wisdom and lessons from this experience, those of us who went through hard times can actually be better off.
Take a trip to Detroit, where everything from the city's economy, to countless of its neighborhoods, to crucial civic-services that its residents need to live healthy happy lives, all seemed to have collapsed.
The extent to which I used to soothe my own ruffled feathers by doing a little shopping came as a bit of a surprise to me. I was never crazily crazy (...
Money. Having it, not having it, not having enough of it -- this ends up being a big, hairy monster for an awful lot of people. Talking ab...