The rate at which professional football and basketball players are filing for bankruptcy after retirement is being discussed with increasing frequency across the NFL and NBA. The issue is not confined to those to sports alone, though, as some of the biggest athletes in a variety of sports – Warren Sapp, Dennis Rodman, Mike Tyson, Marion Jones – are broke.
While the unemployment rate has been trending downward since the apex in the beginning of 2010, it does not mean that everyone is in a better economic situation. If you are still struggling with a personal financial crisis, then there are certain steps you can take to get back on the right track.
There are many reasons you may decide to buy a home or you may decide not to buy homes. All of these reasons are valid and important to the purchaser. Sometimes it’s as simple as not being ready or not having the budget they would like. If you are in this boat, you may be wondering what you can do to know if you’re ready to buy a house or not. However, having filed bankruptcy is not a reason not to buy a home.
When people become overwhelmed by their debts, they often turn to bankruptcy for much-needed relief. Even as they gain a fresh financial start, however, the bankruptcy process and its aftermath may take an emotional toll that can be difficult for families to overcome.