America loves sports and professional athletes are some of our biggest cultural heroes – earning millions of dollars and the adoration of millions of fans. However, despite their massive salaries, many pro athletes are vulnerable to going bankrupt. What are some of the lessons to be learned and mistakes to avoid?
Posts Tagged ‘bankruptcy’
Money Lessons from Bankrupt Pro Athletes
April 29, 2011Filing for Bankruptcy: What You Need to Know
December 8, 2010If you’re considering filing for bankruptcy, you’re not alone. More than 1.4 million Americans filed for bankruptcy just last year. The decision about whether to file bankruptcy is usually not clear-cut and there are several factors that go into it. Tim Chen, founder and CEO of NerdWallet.com, explains what these factors are and what you need to know.
5 Essential Steps for Filing Bankruptcy without a Lawyer
November 1, 2010You don’t need to hire a lawyer to file bankruptcy, but keep in mind that just because you file for bankruptcy protection doesn’t guarantee that a judge will ultimately accept your request. Following these essential steps can help prevent a bankruptcy judge from rejecting your case.
How to Understand Credit Reports and Credit Scores
July 24, 2008Lenders look at your credit report every time you apply for credit, but many people don’t know what their credit score is or how the score is calculated. Hopefully, if you are a regular reader, you are on the up and up! But here is the low-down on how it works behind-the-scenes before we give [...]
