In many cases, the most challenging aspect of single parenthood is struggling with finances. A single parent has to carry a load that’s usually taken on by two people. They alone are responsible for the mortgage, household bills, and the childcare expenses. The help of alimony or child support might lighten the burden, but it’s…
Statistics from the Employee Benefit Research Institute determined that Americans age 55 and older face an increased rate of debt. From 1992 to 2013, the number of families with individuals in that age range struggling with debt rose from 53.8 percent to 65.4 percent. People who are retired have also amassed certain types of debt,…
In most cases, bankruptcy stops wage garnishment if the person files before the garnishment begins. Once a consumer files bankruptcy, creditors aren’t allowed to pursue them any further. Even the threat of bankruptcy is sometimes enough to stop a creditor. Suing for payment is often considered a wasted effort if a legal procedure is in…
