Bankruptcy Law Firm 142 N Washington Ave Scranton, PA 18503 (570) 341-9000
The United States and the Global Economies are experiencing a shrinking of credit in the economy that is leading to company bankruptcies, job losses, and massive foreclosures on a wide scale.
Here is what is happening. If banks stop lending money, then companies are forced to make instant job cuts to save capital. If credit cards pull credit, then folks are forced to spend only what is in their pockets -- nothing more. And if job cuts arise in a period where credit is pulled from the average citizen, all discretionary spending comes to a standstill.
Discretionary spending include clothing, food, and electronics. Is it no wonder that Circuit City and Mervynns have gone bankrupt?
If bankruptcy is something you are considering, then our locator service will come in handy.