Back on Your Feet After Bankruptcy

Dear Armchair Millionaire: After three years of struggling with the financial consequences of a divorce and a six-month period of unemployment, my sister finally declared bankruptcy a few weeks ago. Is there any advice you can offer her about getting back on her feet?

Your sister’s situation has a lot in common with many people filing for bankruptcy these days. A number of studies have shown that medical expenses, job loss, divorce or a combination of these factors are the leading reasons for personal bankruptcy.

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