South Florida bankruptcy filings see uptick

South Florida personal and business bankruptcies are becoming the proverbial canary in the coal mine for financial distress as Iran war-driven energy prices and other rising costs add pressure to the ability to pay off debts. Figures from the U.S. Bankruptcy Court the Southern District of Florida show filings are on the rise this year…

‘You’re Under the Illusion That You’re Good at This, and You’re Not’: Dave Ramsey to 24-Year-Old With $30,000 in Gambling Debt

Quick Read Dave Ramsey warned Philip that bankruptcy clears the $30,000 balance but leaves gambling behavior intact, making a repeat financial collapse near certain. Filing without stopping the habit means rebuilding debt within 12 to 18 months at up to 600% APR, with no Chapter 7 option for 8 years. Ramsey prescribed joining Gamblers Anonymous…