Bankruptcy can threaten anyone. It doesn’t matter if the person is a secretary or an executive; this disaster can strike and harm a person’s financial wellness. There is no question, but that declaring bankruptcy is a very personal and highly embarrassing situation.
Debt does not always come from using a credit card during the holidays. Many new employees are saddled with substantial college loan debt, and this must be repaid on a strict schedule. Medical emergencies can cost thousands of dollars and place significant stress on anyone’s budget. These are in addition to late penalties and charges that the credit card company will assess. Continue reading