Wednesday, February 9, 2011

Even the States Face Financial Woes

When debt and financial obligations overwhelm us, we often feel as if we're quite alone in our predicament. Even if we search the "numbers" and see figures that show thousands of people filing for bankruptcy, we may not know anyone personally who has this situation to face. If someone does file bankruptcy, it is often information they keep to themselves.

In the current economy, states and municipalities face crippling debt and expenses, just like the every day person. Check out the Wall Street Journal article on this topic at the following link:

http://online.wsj.com/article/SB10001424052748704364004576132091316245506.html

So, if you are faced with debt and financial obligations, don't feel so alone. Your town or city might be in the same boat!

Disclaimer: This blog is for informational purposes only and does not establish a client-attorney relationship. Consult with an attorney before taking action on any information found herein as individual circumstances may affect the applicability of information provided. Call The Law Office of Michael Riley at 508-405-0831 with any questions.

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