Bankruptcy allows people struggling with debt, to get rid of and not pay back, all their normal, consumer debts. That is, all your credit cards, all you medical bills, all your personal loans, back taxes, and specific debts. Getting the debt off your shoulder is a lot of relief and will free your soul from the chains of expense.
It’s time to stand up and fasten the screws of change. Here in Tennessee we are already seeing some of the effects…
A complete sub-prime mortgage mess, fall in housing values and sales, the almost complete shutdown in the housing market, and last but not least there are unemployment rates at historic levels.
So let me repeat: Do everything in your power to hold onto your job. Work hard and be the best employee, so that when it comes time for lay offs…it won’t be your name that’s called out.