Bankruptcy Protects Children From Poverty
Today's economy is a rough sea, and many middle class folks who used to be financially secure are finding themselves overboard without a lifejacket. As scary as the situation might be for adults, it is far more traumatic for children.
Children whose families had been evicted will never forget the tragedy of having to leave their childhood home, the sense of failure, and the sense of loss. Children whose families had suffered an eviction may also face harassment and bullying in school. They will forever lose the innocence of thinking that their parents are strong and can assure their safety.
What can parents do to protect children from the economic storm? What can you do to stay in the middle class? Here, as always, knowledge is power.
1. To make sure that you can always pay the rent, start saving for a rainy day. If you are paying dischargeable debts, you are taking a risk. The credit cards you are paying today will not lend you a hand when you are getting evicted.
2. Find out about bankruptcy law.
