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As this Depression Continues, Scams Abound, Because there is Less Honest Work to be Had. Top Ten Scams of the Year!

By Joseph McDaniel, Esq.

Bankruptcy and scams go together like... scams and bankruptcy.

See, some businesses are scams, like Ponzi Schemes, and they give rise to big Chapter 11 Cases. Can you think of any of those? Yeah, I thought so.

On the other hand, some individuals are the victims of scams, and are therefore forced to file consumer Chapter 7 Bankruptcy Cases, in Arizona and elsewhere.

Both of those are bad things; here's a list of the top ten scams that you should avoid, unless you want to lose all your money and get to file a consumer Chapter 7 Bankruptcy Case.

Unless they wind up stuck in a Chapter 13, of course. And three to five years in Bankruptcy Hell!

And there are some poor devils that even I can't rescue, and for those, we'll file a Chapter 13. After I spend a sleepless night racking my brains for some other, other way to save them.

Full post as published by Arizona Bankruptcy Attorney Blog on January 28, 2011 (boomark / email).