Should We File for Bankruptcy? Our Story
My boyfriend and I own a sweet little café in a nice suburb of Chicago. We love our cozy oasis and after three years we have a good flow of customers. But the pandemic has worn us down...
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174 articles on money worries, saving, debt and sugar dating.
Bankruptcy Definition - What Does Bankruptcy Mean?
Everyone has heard the term bankruptcy. But what is it, actually? Other words for bankruptcy are: insolvency or financial ruin, as well as inability to pay, or simply: being broke. As for the...
Read more →Filing for Bankruptcy Is Nothing to Cheer About
Bankruptcy is not a temporary financial squeeze but the fact that the debtor, whether a private individual or a businessperson, can no longer meet their payment obligations...
Read more →What Leads to Bankruptcy? Causes Explained
Small businesses differ greatly in the kinds of products and services they offer, but all businesses must make sales and generate revenue in order to...
Read more →I Can't Believe It: Willful Bankruptcy
My brother Tom owns a small furniture company. He called me last night, upset. He fears his looming insolvency amounts to willful bankruptcy. I was...
Read more →What Does Bankrupt Mean? A Personal Story
I had to ask three times. But my sister told me straight: "We're out of money. The company has to shut down. You know our two biggest clients didn't pay,...
Read more →The Meaning of Bankruptcy
Anyone who is no longer able to meet their financial obligations is, as we know, bankrupt. A word we're familiar with and one that makes life hard for some. In Italian it's also called banka rotta...
Read more →What Does Bankruptcy Mean?
The word bankruptcy comes from Italian and means roughly 'broken bench'. But why was it called a broken bench? The background is easy to explain....
Read more →Bankruptcy Definition and What It Means
If you type "bankruptcy definition" into the internet, you get a completely sober answer. It simply means being unable to make payments, which amounts to absolute financial ruin...
Read more →Nobody Wants to Go Bankrupt
Lately I've been quite worried, because I'm facing bankruptcy. Going bankrupt would be terrible for me for the following reasons: no social safety net, health insurance is no longer affordable...
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