• Protecting Assests At Risk: Bankruptcy Options for Individual Investors and Other Business People
  • June 17, 2011
  • Law Firm: Jennings Strouss Salmon P.L.C. - Phoenix Office
  • The Great Recession has taken a toll on many individual investors and business owners. Declining real estate and other asset values, combined with weak business revenues, have eroded wealth and financial stability, forcing the cancellation or postponement of projects no longer feasible in the current economic landscape. That is especially so for those who borrowed or guaranteed debt to finance their businesses and investments. As a result, many borrowers “debtors”), who previously stood on solid ground financially, have found themselves burdened with debt they can no longer afford to service.