There are times in life where debt is perfectly fine to have. There are times in life where debt is not a good idea. One of those is credit card debt. It's not bad to have a small balance on your credit card, but having a card with a balance of more than a couple thousand dollars is just not good. Here's how you can determine if you have too much debt to your name.
How to climb out of debt as a small business
Owning a small business is exciting, but it can also be very stressful, especially if the company is struggling with debt. Small business debt can be debilitating. It can be so overwhelming that the business has to close its doors after filing for bankruptcy. However, there are ways to keep the small business up and running by climbing out of debt.
3 options for dealing with debt you may want to avoid
Most New York residents have likely heard some version of the phrase "money makes the world go 'round." While many people -- including yourself -- may agree with this sentiment, you in particular may have a disdain for this widely accepted notion due to your financial problems. Though many people face some sort of debt during their lives, your liabilities may have become considerably overwhelming.
New approach to bankruptcy keeping companies alive
Since 2014, a total of 19 brick-and-mortar retail companies have shuttered their doors due to bankruptcy. As of late, more companies have been able to remain in business and keep their employees even after exiting bankruptcy. This is due in large part to a new method that has involved help from landlords, creditors and vendors.
How can seniors manage debt?
Debt is not something that simply goes away with age. Wouldn't it be nice though if it did? Because debt is an issue that many people will struggle with throughout their lives, we will take a look at how seniors can manage debt late in life. It's quite a simple process really, but it's an important one to learn.
