When you are facing financial troubles, it can result in a wide variety of emotions. Financial distress often causes embarrassment, depression, shame and anger. Allowing these emotions to build and go unresolved can have a significant negative impact on your health.
How Bankruptcy Can Improve Your Health
Should Your Elderly Parent File Bankruptcy?
If you are like many adults, your role with your parents has shifted. You are now the caretaker and they are in need of your assistance. When you have a parent that is struggling financially, it is natural to want to help them. In today's economy, many grown children provide their parents with financial assistance. However, if you cannot afford to support them financially, you may want to explore their options for obtaining debt relief.
Tax Liens in a Personal Bankruptcy
If you have tax liens recorded against you and you are considering filing a personal bankruptcy, it is important to understand how they will be handled in your case. Your personal liability to pay the tax lien is discharged in your bankruptcy filing; however, the lien is still valid.
