We’ve all heard the tales of financial woe that befall people who fail to pay their debt, die without a will, or go through a nasty divorce. But what is the truth? Is there a such thing as credit jail? Can filing bankruptcy give you a clean financial slate? Are you responsible for an ex-spouse’s debts?
I am answering some of your most pressing debt questions. As always, it’s important that you do your own research — each situation is different and laws and regulations change on a case-by-case basis. This is your jumping off point. Now, let’s get started. Read more.