Your family is too proud for the business to declare bankruptcy and go through Chapter 11 debt restructuring? When you're looking to pay tens of thousands in tuition, it helps to have a smart accountant, and plan a few years ahead. Is it a little unfair that people enter adulthood without a spec of financial literacy, and are immediately taken advantage of? Yes, but if a fool and his money are easily parted, the only real solution is to lessen that foolishness.
great advice. I could never have thought of this. Me, a silly and complete financially illiterate fool, must work hard now to become financially literate. Thank you again. Can't upvote enough :(
