A Solution For People Burdened With Debt

Bankruptcy can be a smart financial decision. If you are only able to make the minimum payment on high-interest loans and credit cards, then those debts will follow you into retirement. For example, assume you have a credit card with a $5,000 balance and 18 percent interest rate. If you pay $125 monthly, it will take you nearly 23 years to repay that one debt. Moreover, you probably owe significantly more than $5,000. [Read More]