Some people who have filed for bankruptcy believe that they don't have to file income taxes. They often believe that the bankruptcy trustee will handle it. That's a dangerous mistake to make.
New York Fed: Auto loan delinquencies are at a record high
New data just released by the New York Federal Reserve Bank indicates that over 7 million Americans are at least 90 days past due on their auto loans. That's a record number -- higher even than in the post-recession years of nearly a decade ago.
Not just federal employees are unprepared to miss a paycheck
During the recent federal government shutdown -- the longest in history -- Americans saw and heard seemingly endless heartbreaking stories of people whose lives were thrown into chaos because they missed one paycheck and then a second. Even though the shutdown ended after just over a month, many federal employees weren't certain when they'd see the money that they were owed. Some contractors, depending on the terms of their contract, may never be paid for that period.
