This coming from someone who argues against welfare, but supports his family getting lots of expensive medical care and then skipping out on paying any of the bills by declaring bankruptcy...

Another point, you may go to an attorney who advertises in the yellow pages as providing services related to divorce, bankruptcy and real estate.

For if I had predicted at the beginning of 2008 we would experience freezing credit markets, bankruptcies and near bankruptcies of our largest of financial institutions, massive amounts of taxpayer monies used to "save" the financial system, the worst recession numbers since the Great Depression, unemployment at 7% and rising, mortgage defaults at unprecedented levels, "deleveraging" on a global basis -- and toss in oil going from $95 a barrel to $145 a barrel and back to $37 -- then you would have sought to admit me into a mental ward for treatment last January.

The decreased bond asset value destroys the banks liquidity and prevents it from issuing new loans.The suppliers of Heidi's bar, having granted her generous payment extensions and having invested in the securities are faced with writing off her debt and losing over 80% on her bonds.Her wine supplier claims bankruptcy, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 50 workers.The bank and brokerage houses are saved by the Government following dramatic round-the-clock negotiations by leaders from both political parties.

Bankruptcy , raise taxes or ask the State for help?

However, the bankruptcy trustee can claim the deposit as an asset of the debtor's estate if the debtor does not exempt it.

One guy had a bankruptcy in file, and said he didn't want to talk about it.

While there are certain risks that are present in nearly all investments (civil unrest, bankruptcy, natural disasters, etc.), investors should pay particular attention to those risks that are unique to the investment opportunity given the nature of the issuer, its investment plans and the trends within the issuer’s industry.In addition to risks inherent in the investment, there are risks associated with the offering entity and the management team.

Derogatorycredit (past due accounts, collections, charge off accounts, tax liens,judgements in excess of $1000 and/or bankruptcy) may result in additionalsecurity deposit or denial.

The one eviction I did cost $1,000 plus some additional fees when the tenant got cute and started a bankruptcy filing.