Jun 21

Bankruptcy Is No Longer A Taboo Subject

Bankruptcy is not necessarily a negative thing. There are countless reasons why people need to acquire financial protection from creditors. Businesses and individuals are both able to file when needed. In the recent past, filing a Chapter 7 or Chapter 13 was considered a very bad thing. While it is still not a great thing according to banks, the general public has come to realize current economics is not what it use to be.
This topic once was taboo. Announcing to business acquaintances and other social circles that this is the plan of action once brought about a shift in relationships. This is not so much the case as more and more people are finding it difficult to stay on top of bills and other living expenses. Medical costs, job loss, gasoline, and tuition fees are sky-rocketing while wages remain the same. It is understandable how even the most responsible individuals find themselves facing a losing battle.

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