The holiday season is a popular time for proposals and, unfortunately, for accruing significant debt. If you intend on proposing to your honey this winter, purchase a ring that you can afford without using credit cards. Filing for bankruptcy isn’t generally a great way to begin a marriage and credit card debt is a common reason for bankruptcy filings. After all, a lasting marriage focuses on the relationship, rather than the glitz of the wedding.
When you watch this video, you’ll learn about research that indicates that men who overspent on engagement rings were more likely to get divorced than those who purchased an affordable ring.
At the law firm of Cutler & Associates, Ltd., our bankruptcy lawyers understand that simply considering the possibility of bankruptcy can be distressing.