Past Articles From the Money Motivations Personal Finance Series, Designed to Motivate You to Live Debt-Free!
A massive monetary windfall like winning the lottery, receiving an insurance payout, or gaining an inheritance is far more exciting than any financial planning or saving strategy. However, it comes with equally colossal responsibilities. As American businessman and author Robert Kiyosaki once said, “It’s not how much you make that counts but how much you keep.”
Read MoreIf you dread the idea of filling out a few B-309 forms, perhaps some perspective can help soften the blow. History is laden with famous bankruptcy filers. While they all have celeb status or history on their side with their own unique stories, they have one thing in common: They all rode the tailwinds of their financial success only to find misfortune at some point in their careers.
Read MoreEach chapter of bankruptcy has a specific reason for existing, along with a set structure to address an individual or business’s debt and how to proceed moving forward. It’s important to understand the differences between each chapter so that you can make informed decisions that will give you the knowledge and ability you need to successfully navigate your bankruptcy, with or without the aid of an attorney.
Read MoreBankruptcy is like a divorce from your debt. You will feel freedom and relief after letting go of the weight of an unmanageable debt load, but it hits like a wrecking ball on your credit score. Even though bankruptcy will stay on your credit for several years, you can work on repairing your credit and avoid doing anything to damage it while those years pass. Follow these steps to build and repair your credit during and after your bankruptcy filing.
Read MoreFrom its terminology to its portrayal in popular culture, bankruptcy presents a confusing picture of how its processes work and how filers go about actually getting protection for their assets. You hear the term, “Declare bankruptcy,” but where do you declare it, and how do you declare it?
Read MoreThe first part of our four-part series titled Bankruptcy in America examines why people file for bankruptcy. We review some of the most famous bankruptcy filers and emphasize that bankruptcy can indeed happen to anyone. We also take a look at the numbers of bankruptcy filers, as well as the variety of reasons why they chose bankruptcy as a solution to their financial situation.
Read MoreMoney Fit by DRS Inc. is publishing a four-part series to explain the bankruptcy process in great detail. Our intention is to create a guide for individuals looking to understand the bankruptcy process so they can make informed decisions on whether this is an alternative to dealing with their debt that they should explore further.
Read MoreThe unexpected, devastating, and far-reaching economic effects of COVID will remain with our country and the world for years. Individuals may even feel the consequences for the rest of their lives. In many cases, individuals and households will turn to personal bankruptcy in order to protect their assets from creditors.
Read MoreAre you struggling financially and considering filing bankruptcy? Here is a quick guide on ways you can file Chapter 7 or Chapter 13 bankruptcy with little or no money.
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