• Why You Absolutely Need To Know Something About Bankruptcy: Designed for Those Wittingly or Unwittingly Drawn into the Bankruptcy Arena
  • November 10, 2009 | Author: Carolyn J. Johnsen
  • Law Firm: Jennings, Strouss & Salmon, P.L.C. - Phoenix Office
  • When someone utters that dreaded "Bankruptcy" word, many people cringe and immediately conjure up images of debtors' prisons, insolvency, and in the wake of the recent Enron and WorldCom scandals, fraud and deceit. But, bankruptcy is really not such a horrific phenomenon from either the debtor or creditor perspective. Filing a bankruptcy does not necessarily mean an entity is in terminal financial distress.