Every small business owner starts out feeling positive and chasing what many consider the American Dream. They read stories about other companies starting in a garage and growing into an international powerhouse, and they can't help but hope for that type of success.
Bankruptcy feels like a personal matter, but you really want to think through all of the potential ramifications in advance. You're worried that your employer may find out that you filed and then terminate your position.
You have over $20,000 in credit card debt. You are thinking of using Chapter 7 bankruptcy to get a fresh start. What you want to know is whether or not the credit card companies can still come after you for payment once your bankruptcy filing is completely.
Financial issues are not always limited to people who are married and trying to raise a family or divorced and coping with support payments and the division of assets. According to one financial literacy company, problems with money can begin almost as soon as you are old enough to earn it. In fact, one survey showed that about 70 percent of college graduates make serious financial blunders within two years of receiving their degrees.
People who file for bankruptcy often feel alone. They do not want to talk to other people about it. They feel like no one else is dealing with the same financial issues. It seems like everyone else has a great, stable life, and they are the only ones with these debt problems.