An interesting news article today examines the difference between debt and bankruptcy, and which one is worse for a person to deal with. While obviously neither one is desirable, the question is an important one. Is it better to live with debt or to declare bankruptcy? As with most things, the answer is that it [...]
As a follow up to our last post about the Sun Belt recession this article from the Wall Street Journal shows a direct correlation between the housing bust and personal bankruptcies. The two are a natural fit considering how dramatically the fall in housing prices hurt family finances. Here’s an excerpt: “There’s a close relationship [...]
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