When two or more parties enter a contract, they are typically bound to fulfill certain obligations. If any one party fails to comply with or fulfill its contractual obligations, it leads to a breach of contract. Examples of breaches include non-performance, not...
The COVID-19 pandemic has shown that it does not take long for finances to go south. Fortunately, this has not reflected on the number of bankruptcies filed over the course of 2020. While 774,940 bankruptcy cases were filed in 2019, the number fell to 544,463 in 2020...
Dealing with bankruptcy and divorce during the same stage in life can be rather challenging. To keep things as simple as possible, it is best that you don’t overlap both. More often than not, couples who are in this predicament opt to file for bankruptcy before going...
Baby boomers across the U.S. carry significant debt. However, according to statistics released by Ameriprise Financial, less than half of them prioritize paying down their debt. In addition, more than 30% boomers who’ve retired carry at least one debt in addition to...
The number of baby boomers who file for bankruptcy has increased significantly in the last three decades. Only around 2% of all elders in the U.S. filed for bankruptcy in 1991, and the number stands at around 12% now. While bankruptcy can give people a fresh start if...
