As you were growing up, you probably thought of bankruptcy in a very negative light. However, as you move through adulthood, there’s a good chance that you understand both the good and bad aspects of bankruptcy as a useful way to reset your personal finances or your business requirements.
Sometimes bankruptcy is your fault in that you have very poor financial management. Other times bankruptcy is because of something that you couldn’t control, for example, a medical emergency of some sort that you didn’t have insurance for.
Regardless of how you approach the idea of bankruptcy, though, the more knowledge you have about the matter, the more it can be something that you are less anxious about while also being more in tuned to win to use it appropriately.…Continue reading