Those who cannot afford the cost of bankruptcy wind up in a shadow economy, or informal bankruptcy situation. It is a strange state of affairs, brought on by the failing economy.<\/p>\n
Whether you know it or not, there are people who need to file bankruptcy because they can no longer handle their debt load. They need to file for relief, but they do not have the money to pay the lawyer. They need cheap bankruptcy because today\u2019s costs are going up exponentially, with no apparent end in sight.<\/p>\n
Thanks to the economy and a 2005 law passed to make filing for bankruptcy even more difficult, there is a new group of debtors referred to as the unofficial bankrupt debtors; the people who are all but bankrupt but couldn\u2019t afford the lawyer\u2019s fee to make it official. Many of these people refer to themselves as too poor to go bankrupt. The latest figures indicate (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Those who cannot afford the cost of bankruptcy wind up in a shadow economy, or informal bankruptcy situation. It is a strange state of affairs, brought on by the failing economy. Whether you know it or not, there are people…<\/span><\/p>\n