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Posts tagged "Bankruptcy"

Many college students may face bankruptcy thanks to credit cards

When Kentucky students look forward to their college career, they may think about how expensive tuition will be or how much they may have to pay to live on campus. While most people consider the cost of books, they may overlook the expense associated with everyday life away from home, such as gas, groceries and other necessities. As a result, more students are relying on credit cards, and more are facing the possible need to file for bankruptcy in the future.

Medical debt continues to be leading cause of personal bankruptcy

If you’re struggling with significant debt but can’t bring yourself to consider bankruptcy, it may be due to the stigma associated with bankruptcy and the narrative that is too often attached to people with debt problems. The narrative goes like this: people who file for bankruptcy were irresponsible with money, accumulated too much credit card debt and lived beyond their means. They didn’t want to pay the money back, so they filed Chapter 7 instead.

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