There's nothing worse than feeling like you don't have enough money to pay the bills. Not only will you feel like you don't have enough money to spend on entertainment and other things you enjoy, but you'll be worried about having enough cash to put food on the table, pay for vital utilities and pay the rent for the roof over your head. When some people find themselves in this kind of situation, they may turn to their credit card for a bailout, so they can make financial ends meet.
Chapter 7 bankruptcy could allow you to wipe out a lot of debt if you can get approved for the process. However, there are certain types of debt that you probably won't ever be able to legally walk away from. What follows is the short list of debts that tend to be immune from the Chapter 7 process. If the vast majority of your debt happens to fall into one of these categories, it's highly likely that you won't be able to make it disappear:
Everyone wants to take the money they earn, use it wisely and turn it into more money, right? This is exactly what the most successful billionaires in the world have done, and the average consumer can invest their money, too. Mark Cuban, the billionaire businessman, recently told MarketWatch in an interview his number one piece of investment advice: Pay off your credit cards.
Navigating the loan market as a consumer can feel like you're walking through a minefield of potentially bad decisions and scams. The problem with getting scammed on a loan is that victims can suffer a lifetime's worth of debt consequences in "scams" that are just legal enough that the victims don't have any real recourse.