Millennials are often blamed for any number of things, including taking down entire industries. From credit cards to divorce, news articles have placed an enormous amount of blame on this generation of young adults. But could they also soon be responsible for eliminating things like Chapter 7 bankruptcy? While some people in California might be hopeful, it is unlikely that it will happen.
Borrowing money is not necessarily a bad thing. From taking out mortgages to buy homes or auto loans for vehicles, borrowing can often feel like a necessary part of moving forward in life. However, for some people in California, what might have felt like relatively safe approaches to borrowing can quickly spiral out of control. In such instances, Chapter 7 bankruptcy can be a viable option for debt relief..
Most people in California associate severe injuries such as broken bones and obvious signs of trauma with serious car accidents. While these are very real risks associated with motor vehicle accidents, some injuries are less obvious and harder to diagnose. For individuals who were recently involved in a car accident, here are some symptoms that are associated with whiplash.
Falling deeper and deeper into credit card debt is easier than some California consumers might think. After all, credit card companies generally make special offers to their customers, including things like temporary low interest rates, rewards points and more. Unfortunately, spending in order to earn those rewards might not pay off. Instead, it could be leading some people further and further into the kind of debt that only Chapter 13 or Chapter 7 bankruptcy can address.
Prior to filing for bankruptcy, you likely have been bombarded with calls, messages and emails from creditors demanding their money.