Many people are concerned about who will know about the financial trouble that they are experiencing. Some people are embarrassed, while others simply aren’t comfortable sharing such information because, let’s face it, it’s really no one’s business but your own.
Filing for bankruptcy is never an easy decision. There are many important things to consider and whatever decision you make, you’ll have to live with both positive and negative consequences.
I have many married couples ask me if one spouse can file bankruptcy without it affecting the other. The answer always depends on their personal situation.
If you have concerns about your business’ finances, you should consult a Licensed Insolvency Trustee as early as possible.
Credit cards, when used properly can be great. You can earn points, use them as an advance and most importantly, you can improve your credit. Unfortunately, many people misuse credit cards and end up setting up a meeting with me to discuss bankruptcy.