I have been filing Chapter 13 and Chapter 7 bankruptcy cases in the upstate New York for over 20 years. Due to the many financial difficulties dairy farmers have been having over the past few years, I started filing more Chapter 12 farm bankruptcies.
American mega-banks are great. For bankers. For the rest of us, they encourage booms and busts in the economy and foster bankruptcy for the middle class. Even their shareholders should agree — it’s time to break up the Big Banks.
I’ve been meaning to tell you something for awhile now. It’s going to be a bitter pill to swallow, but it’s better that you know now rather than later.
Bankruptcy is a last resort of course. But it is an option. Paying back debt when you barely have enough money to survive is usually a horrible alternative.
