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 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 More