Chapter 7 Bankruptcy
Though the U.S. economy was for all practical purposes in a freefall, nosedive, tailspin, or whatever you want to call it for the past few years, things are looking better.
The fewest amount of jobs were cut (11,000) in November of 2009 than in any of the past 3 years. What economists, financial analysts and everyday Americans are looking for though is an increase or uptick in hiring. Because let’s face it – it’s the economy, my fine friend.
People want jobs. They need jobs. Especially at Christmas. They need jobs. They want jobs. And by golly it’s about time things started improving. Why I remember back in the old days, the 80’s, things were bad – but not this bad.
Recently it was reported in the news that there were record personal bankruptcy filings this year. Record chapter 7 bankruptcy filings. And as my grandmother used to say about 85% of things – that’s a shame. Chapter 7 bankruptcy does more harm than good – that’s a shame. Bankruptcy lawyers deceive their clients – that’s a shame. People walk into a chapter 7 bankruptcy as sheep being led to the slaughter – that’s a shame. And poor Uncle Leo – in traction now at the hospital – that’s a shame, too.
But let’s be honest here, shall we? Chapter 7 bankruptcy is not the answer. It just is not worth all the risk, and trials and tribulations, weeping and gnashing of teeth it causes. No, no, no.
Chapter 7 bankruptcy – just don’t go there.
Chapter 7 bankruptcy can be avoided. The fact is that bankruptcy causes more harm than good. So just say no to chapter 7 bankruptcy. Article Source:http://www.articlesbase.com/personal-finance-articles/chapter-7-bankruptcy-1552143.html
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