Bankruptcy

So, Arizona Bankruptcy Attorney, Is Prosperity Just Around the Corner? When Will this Recession or Depression End? Tell Me in your Bankruptcy Blog!

By Joseph McDaniel, Esq.

Here's my take on it: the definition of insanity is doing the same thing over and over and hoping for different results.

In a family that earns $5,000 per month, and spends $10,000 per month, how long will it be until that family is able pay off debts, retire, and accumulate savings?

Never, right?

So if a country, say, oh, the United States, spends more than it makes, and borrows heavily from China, Russia, and the Emirates, how long will it be until that country is prosperous again, as long as it keeps spending more than it makes?

You tell me.

I'm just an Arizona bankruptcy lawyer, with this little Arizona bankruptcy blog, so I'm not smart enough to understand international finance, you know?

NOTHING HERE CONSTITUTES LEGAL ADVICE RE A CHAPTER 7, CHAPTER 13, CHAPTER 11, OR CHAPTER 12. FIND AN ARIZONA BANKRUPTCY LAWYER WHO IS BOARD CERTIFIED IN BANKRUPTCY LAW, AV RATED, AVVO 10 RATED, ON SUPERLAWYERS, OR JUST VERY EXPERIENCED AND A FORMER CHAIR OF SOME BANKRUPTCY SECTION OR COMMITTEE. NOTHING HERE MAY BE USED AS LEGAL ADVICE IN CONNECTION WITH ANY BANKRUPTCY, WHETHER THAT BANKRUPTCY IS IN PHOENIX, GLENDALE, TEMPE, MESA, SCOTTSDALE, OR ANYWHERE ELSE.

Full post as published by Arizona Bankruptcy Attorney Blog on May 30, 2010 (boomark / email).