Chapter 7

Unpaid medical debts will be the number one cause of personal bankruptcies in the United States, despite the implementation of the federal Affordable Care Act, according to a 2013 NerdWallet Health study. The ACA will increase the number of people…

As most New Yorkers know, debts are neither inherently good nor inherently bad. If they pay bills on time and pay off credit cards each month, then debtors can avoid acquiring debts that are difficult to pay off. Failure to…

Showing how easily debt in uncertain times can overwhelm even the famous, just three years after his wife filed for divorce, singer Eddie Montgomery of the country duo Montgomery Gentry has put up his restaurant and house for sale. The…

Relying on credit cards to cover most needs is not a good decision. Many Americans, including those here in Long Island, New York, have filed for bankruptcy because of credit card debts. In fact, 32 percent of those who filed…

Even celebrities have their share of financial downturns, and when they do, they want the same thing as everybody else, a fresh start. New Yorkers who have followed Aaron Carter’s career may be saddened to hear that he is one…

Many Americans, including those from Long Island, New York, have been struggling with their personal finances since the Great Recession. The Great Recession began in 2009 and many people are still dealing with financial challenges due to unemployment, debts and…

Most advice about personal finance problems is simple and easy to understand, but following the advice is often much easier said than done. Acquiring debt can take place either quickly or gradually over time, and the accumulated amount can wreck…

Many Americans, including some from Nassau County look at agriculture as a profitable venture. However, just like any other business, farming has its ups and downs. When pests and natural calamities strike, farmers are more likely to encounter financial challenges.…