BUS 215: Personal Financial Management (BUS215)

Planning for retirement is a multistep process that over time will evolve, so to have a retirement that will be fun, secure, and comfortable, a financial cushion will need to be built, which will fund it. To get to the fun part of retirement, you first have to go through the tedious and serious part of planning step by step on how you will get there. It begins with focusing on what you want your retirement goals to look like and how long until you reach them to prepare for retirement.

Bankruptcy is a way for people who cannot pay back a debt, get a fresh start by creating a repayment plan, or liquidate assets to pay. Financially troubled businesses are also protected by bankruptcy laws (US Courts, n.d.). A bankruptcy case will begin when the individual who is in debt petitions the bankruptcy court. For individuals, they can file for a chapter 7 or a chapter 13 bankruptcy. Most people don't start acquiring debt with the assumption that they will later on file for bankruptcy; ...