Chapter 7 Bankruptcy may be Your best Chance at a Brand New Financial Start

By on Mar 26, 2017 in Bankruptcy | 0 comments

According to the US Department of Labor’s Bureau of Labor Statistics, unemployment rate in 2012 was 7.9; in 2013, 6.7; and, in 2014, 5.6. This was from a high of 9.9 during the Great Recession from 2008 to 2009. Unemployment may suggest a negative meaning (such as when people are laid off or quit their work while looking for a new job); however, it may also suggest something positive, which would be the case when a company makes technological improvements, replacing human workers with machines for consistently fast work output, or when a job is outsourced. For workers who have been displaced from their work, however, unemployment will mean only one: financial problems. The monthly pay of millions of wage earners in the U.S. is just enough salary to enable them to cover their basic needs between salary dates. Losing their source of income, even for just a month or two, can result to...