Ask Chuck: What Do You Do When You Hit Rock Bottom?
Dear Chuck, I have hit rock bottom with my finances. My wife and I got divorced last year and all the fallout from that forced me to file bankruptcy. As many do when they hit rock bottom, I’m trying to get back up but not sure where to start. I want to learn more about […]
Are all your riches fake?
By Chuck Bentley A recent article in Yahoo Finance revealed that a high profile music star put on the lavish lifestyle of a rap tycoon, but he says the bling-bling in the videos is all returned to the store. The rapper, who has filed for bankruptcy, has testified in court that his ostentatious displays of wealth […]
From Drowning in Debt to Walking in Freedom
I will never forget Russ and Kandy Hildebrandt’s story. I first saw it on national news and was later able to speak to them in person. Russ had accumulated a total of $126,000 in consumer debt, which came as a shock to Kandy. This was two times the annual income Russ earned as a chemist. […]
Love and Marriage and Money: Can you get all Three?
By Chuck Bentley The millions spent on Valentine’s Day may fuel the passions of new love, but if you want “happily ever after” you may want to consider a budget. I once counseled newlyweds, who just six months after their wedding were struggling to keep their marriage together. The reason was no mystery. They had […]
Bankruptcy
The term bankruptcy comes from two Latin words and literally means “broken bench.” Under Roman law, creditors divided up the assets of a delinquent debtor, then broke the debtor’s workbench as punishment and a warning to other indebted tradesmen. Today’s laws and changes in consumer attitude toward bankruptcy have fostered a climate in which people regard bankruptcy […]
Foreclosures and repossessions
Consumer debt is at an all-time high. What’s more, record numbers of consumers are filing for bankruptcy. Sometimes when money is borrowed, lenders will require that loans be secured. Subsequently, from time to time even with the best of intentions, the financial responsibility for payment on a secured loan cannot be met on time. When […]
