One of the options available to families and individuals who find themselves in financial trouble is to file bankruptcy. On the surface, taking this type of legal action can seem like the perfect solution for becoming free from mountains of unpaid credit card bills and other debts. However, filing for bankruptcy protection also carries some serious consequences that must be considered. If you or someone you care about is struggling with burdensome debts and considering filing for bankruptcy, here are three important consequences that must be considered before moving forward.
- As the name suggests, a reverse mortgage loan is a loan taken against your house. You'll be paid a certain sum of money at predetermined intervals, and in exchange the lender will claim possession of your house when you move out or pass away. You're eligible for a reverse mortgage loan if you're 62 years old or older, and you must live in the home you're mortgaging. Here are three reasons you might want to get a reverse mortgage loan.
- Ideally, if you have to be arrested, you would want to have the means to both bail yourself out and hire a good criminal attorney right away. Unfortunately, a lot of people don't have the means to do both. Studies indicate that only about 39% of Americans have the cash on hand to deal with a $1000 emergency, and paying a bail bondsman and an attorney's retainer could easily come out to more than $1000.
- Having a credit card can be essential to making your life as convenient as possible. However, individuals that have limited experience with credit cards may be unsure of what factors they should be considering when they apply for credit cards. In order to make sure that you are a smart and prepared consumer, there are several tips and guidelines that should be followed. Know The Way You Intend To Use The Card
- Post-traumatic stress disorder (PTSD) can be an unfortunate fact of life for many police officers, firefighters, emergency medical technicians (EMTs), and other first responders. Being the first on the scene at a car accident, domestic dispute, or four-alarm fire is not only stressful, it can be heartbreaking, and many first responders struggle with the advice to "leave work at work." But until now, first responders in Florida were unable to claim workers' compensation benefits for PTSD, even when this mental health condition could clearly be attributed to an on-the-job occurrence.