Bankruptcy is a legal process designed to provide debt relief to individuals, businesses and other entities struggling with overwhelming debt. This process allows debtors to reorganize their financial affairs and obtain a fresh start, while also providing protection from creditors. While bankruptcy can be a complex and difficult process, it can also be a valuable tool for … [Read more...] about What you should know about bankruptcy

After peaking in 1971, the percentage of families covered by life insurance has dropped steadily, from a high of 85.4% to 59.4% in 2019. Financial experts say life insurance is still a “huge need.” So why don’t more people buy it? Dr. Puneet Prakash, professor in the finance and risk management department at Missouri State University, offers a few reasons why to Policygenius. … [Read more...] about Why are fewer people buying life insurance?

The recent failure of Silicon Valley Bank, the second-biggest bank collapse in U.S. history, has raised this question for many Americans: Is my money safe in the bank? Experts like Dr. Jeff Jones, certified financial planner and department head of finance and risk management at Missouri State University, share with ABC News why deposits are safe despite the financial turmoil. … [Read more...] about Are bank deposits safe in wake of Silicon Valley Bank collapse?

What are savings bonds and how do they work? Dr. James Philpot, certified financial planner and associate professor of finance and risk management at Missouri State University, offers some insights to U.S. News Money. … [Read more...] about Getting to know more about savings bonds