Equity, adjusted gross income, stocks, bonds, current ratio, operating cash flow, assets, liabilities, net worth -- it's easy to get lost in the jungle of financial terms out there when you're trying to manage finances. Whatever happened to just measuring income and expenses? Well, when you ask yourself "how much am I worth?" it's not just a question of how much money you have in your wallet, or even your bank account, at that moment. It turns out that, depending on how and when you invest, spend or save your money, your worth varies. Liquid assets make up just one special category of your worth. Understanding it will help you get a better idea of your own financial situation.
Bankruptcy is difficult enough to deal with by itself. But then adding the drudgery of figuring out how it will affect your tax return can make your situation feel hopeless. But it's not. Your options depend on the form of bankruptcy you filed under.
Unless you have an MBA in finance, trying to decipher how education is funded in the U.S. could leave you reaching for a nice glass of wine. We'll break it down so you can understand it even without the help of a chardonnay.