Personal Finance Concepts

If a good friend of yours has had serious financial misfortunes lately and is unable to meet her debt payments, what advice can you give? Be sure to include the topic of bankruptcy because she has heard that it eliminates all your credit problems. In your discussion, distinguish between straight bankruptcy and a wage earner plan.

Analyze the advantages and disadvantages of consumer credit.

As Basic as this question is, I need help with a solution to this problem.
Thank you very much for your help.

I suggest you go to a "proper" site for this sort of stuff:
google "investment forums" or something similar...
(my opinion)

You posted 7 different problems on this topic... :shock: