I am still amazed when I read uninformed posts about why people are going bankrupt claiming there is no more stigma about bankruptcy. That is not true. People are going bankrupt because creditors are not allowing people to repay their debts with as much enthusiasm as the banks had when the person was borrowing the …
So the big bookstore Borders filed for bankruptcy today. It always surprises me that consumers place such stigma on personally filing for bankruptcy but when companies do it they are applauded for doing the right thing to keep the company going. Border president Mike Edwards said, “It has become increasingly clear that in light of …
“Dear Steve, It’s a hard thing to admit but my debt is beyond my control. 2000 was the year of me loosing my job, the birth of a son and the beginning of the debt snowball. Over three years of job searching, accepting and leaving a number of positions (I accepted positions with companies I …
