The American economy has been largely built on a consumer population addicted to and reliant upon credit. Big ticket items like cars, appliances, furniture, and homes have been purchased on borrowed money for decades and it has gradually become the norm to overspend and to utilize the once sacrosanct credit cards for day to day purchases. This has spiraled outward for many people into an overall attitude toward and handling of money that has left them scrambling or unable to make ends meet. When financial obligations are greater than you can afford, it may be time to consider filing for bankruptcy protection under the chapter of the Bankruptcy Code suited to your debt and asset situation.

Making the decision to enter bankruptcy is difficult, primarily because there is a longstanding social disapproval of the practice. But as more individuals and businesses find themselves struggling to cope with unemployment, stagnant wages, and rising interest rates on mortgages, credit cards, and other financial instruments it is becoming an unspoken and necessary step for many. The matter is further complicated by intentional disinformation put forth by debt collectors and other entities and the presence of countless finance gurus and laypersons who offer their opinions unsolicited and sometimes with serious misunderstandings about the subject at hand. (more…)

It is hard to manage your financial obligations if you are a single parent. This is because the entire financial burden is on your meager shoulders and there are too many bills to pay for. In addition, you have to provide for your children’s educational expenses and their lunches and extra curricular activities so that they do not feel left out.

As much as you want to provide for your children, you cannot.

Now you do not need to worry. This is because the American government is providing special grants for single parents that will help you pay for your child’s lunch, your household spending, your medical insurance and your housing.

However, it is not easy to avail these grants. The reason is that these grants are provided to those who prove to return productively to the economy. Therefore, if you think you can either return to college on a scholarship, set up a new business, or do hospital services in exchange of medical aid, you can surely avail any of these grants. (more…)