Finance

People usually have different opinions about debt. Some will recommend it to you whereas others might warn you about possible adverse consequences. In essence, debt can be a double-edged sword. Depending on the amount and type of debt and your income, debt can have favorable or unfavorable consequences. You need to understand the difference between good debt and bad debt …

As life is quite uncertain, bankruptcy can strike anyone, anytime. There have been several cases in the past when even wealthy people have declared themselves bankrupt. When you are certain that you will not be able to pay back your creditors, you can approach a court to declare your bankruptcy. So, what happens after you declare yourself bankrupt? Are your …