Folks, I just saw this you tube video. In it, Mike Gravel – a democratic presidential candidate – is explaining the reasons why he decided to declare bankruptcy. Evidently he had some health problems, so he decided sign up for like 6 credit cards. Apparently, the payments caught up with him and he had to file.
While I recognize that politics aren’t saints, but I’m especially shocked that Gravel would file, mostly because he’s always seemed really dynamic and resourceful to me. I guess it just goes to show that if bankruptcy can happen to a public figure like Gravel, it can happen to anyone!
DINKS (Dual Income No Kids) Finance is a blog discussing personal finance for couples. While by no means financial experts, we own a variety of assets including real estate and stocks. We've both been up to our eyeballs in debt and have made tons of financial mistakes. However, we've both successfully retired that debt and we both do learn from our failings. We hope that our voice in this blog can help others in achieving their goals!
