Bankruptcy

Today's news...

By Bill McLeod, Esq.

A friend passed along this story from today's Boston Globe: "Going Into 'survival mode.'"" The report takes a look at the ways people from all over the area are cutting back on monthly expenses as the anxiety over the economy continues to rise. It's worth the read.

I know there are those out there who proclaim that the economy will continue its decline so long as we continue to talk about it. I am not sure we can talk ourselves into anything - if we could, I am sure I could have talked my way into a 32 inch waist by now. But is it is hard not to talk about the economy when you read things like this blog entry over at Calculated Risk: Goldman Predicts $460 Billion in Credit Losses.

Finally, a reminder of the effects of foreclosures: family pets. From today's USA Today:

...a man ...arrived at the shelter this month saying he had to give up his cat and two small dogs. When an employee walked outside to help him get the animals into the shelter, "she discovered that he had arrived in a U-Haul loaded with boxes and furniture. He had lost his home and had no place to go. The very last thing he did was surrender his animals."

And from Whitter, California:

One man brought in his cat, Speedy, but visits every day and hopes to get him back when he finds a place to live...

Full post as published by McLeod Law Offices on March 25, 2008 (boomark / email).