Bankruptcy

Storm Preparation: Only So Much

By Bill McLeod, Esq.

Over the last several months, I?ve blogged about issues people should consider if they think bankruptcy is on the horizon. I called it ?Storm Preparation? because I have sensed for some time now that financially, things were going to get worse, and I wanted readers to think about issues ahead of time to avoid problems down the road. Just like a hurricane, it?s best to prepare for any storm. And typically, you don?t start boarding up the windows when it starts raining.

The past few days have confirmed that financial thunder clouds are within ear-shot distance. There?s Lehman Brothers, Merril Lynch and now AIG. Will there be more failures and bailouts? I?m willing to bet yes. Will this storm end any time soon? I honestly do not think so. How will any of this affect your job and your family? I have no idea. It may take some time for the ripples emanating from Wall Street to touch the farthest corners of the land. But with all of that said, we can only prepare so much.

I will not completely stop blogging Storm Preparation, but it will no longer be weekly. When issues pop up that I think readers need to know about, you will read about them here. You can find past Storm Preparation articles in the archives under Category.

But for now, keep reading and batten down the hatches. Storm?s a?comin.

Full post as published by McLeod Law Offices on September 17, 2008 (boomark / email).