|
||||||
| Personal Finance Credit cards, home loans, retirement plans and taxes. The place for all your personal finance questions. |
![]() |
|
|
LinkBack | Thread Tools |
|
||||
|
Here's an article for those contemplating or just wondering about bankruptcy although it doesn't answer many questions:
When Bankruptcy is Best It starts out as if the author is praising it as a "solves all" solution but she isn't. She does however include a "discovery" from a University of Michigan researcher that states nearly half of the U.S. population would be better off financially if "... more people "prepared" for filing, by doing things like maxing out their available credit limits and transferring vulnerable property, like cash in the bank, into bankruptcy-exempt retirement funds." Of course this is taking into consideration that people not even contemplating bankrupcy file for it and I doubt the researcher is advocating that. Although I'm sure it's true if they did.
__________________
The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true. - Demosthenes |
![]() |
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Bankruptcy? | Subie | Everything Else | 2 | 02-13-2007 11:09 AM |
| Bankruptcy | jacquelynrose | Personal Finance | 16 | 08-23-2006 06:11 PM |
| Married into Bankruptcy | longrun | Personal Finance | 11 | 07-29-2006 05:55 AM |
| bankruptcy law | claricem75 | Personal Finance | 7 | 09-24-2005 10:37 PM |
| bankruptcy | liveandchi | Personal Finance | 12 | 02-23-2005 07:46 PM |