Bankruptcy: When All Else Fails

Kris Bertelsen

Page One Economics Newsletter, 2018, 1-6

Abstract: For most people, bankruptcy should be avoided. Reducing the possibility of bankruptcy starts with good financial preparation. Preparation includes developing your human capital to earn a higher income, establishing and living on your budget, saving money, and paying your bills on time. If disaster strikes, it is important to know that bankruptcy is an option, albeit a last resort.

Date: 2018
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