Purchase life insurance. Contrary to bankruptcy myths, most people who file bankruptcy are not bad people. They would love nothing more than to pay their debts, but sometimes life throws them a curve ball that they did not properly prepare for. If your spouse dies unexpectedly, could you afford to pay your mortgage? How would you pay for child care? You have to have enough life insurance to support your family in the event that the unmentionable happens.
For more information on bankruptcy, please visit http://www.abankruptcyfirm.com/ or contact your Kansas City Bankruptcy Lawyer, Betsy Lynch at 816.434.6616.