Filing Bankruptcy: Is it worth the fresh start?

When Antonio can’t pay his debt in Shakespeare’s¬†Merchant of Venice, the creditor asks for a pound of flesh. Nowadays if you’re dangerously in the hole, you can’t give up a hand but you can file for bankruptcy. If your debt is discharged, creditors can no longer collect on those debts, and you’re no longer liable […]

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Good Debt Versus Bad Debt

Economists, parents, business people and newscasters use the word “debt” like it’s the boogey man of our generation, but what exactly is debt? Technically, debt is something — usually money — owed by one party to another. Whether it’s by charging a credit card, taking out a loan or asking your buddy to spot you […]