Somw infomations about Bankruptcy Law in Kansas?

Edwards Finance > Loans

Q. Names we know all too well. These are just a few of the biggie companies that have slid into bankruptcy over the past 12 months. And I'll bet you your last dollar that between the time I write this article and the time you read it, we can add another big name to the list...says Ray Warner, a professor at the University of Missouri at Kansas City Law School. "You're now seeing some very large examples, which is different than in the past. What we're really seeing is bankruptcies that are being caused by accounting issues. The real trigger for these companies is the loss of financial confidence." If you're guessing that bankruptcies are going through the roof--or falling through the floor--right now, you're dead right. "The numbers are really big, and there's no end in sight," Ross says. "We keep track of companies with $100 million or more of liabilities when they file. Last year was the all-time world's record. Companies worth $230 billion filed for bankruptcy. That's up 80% from 2000, and up 11.5 times from the last peak, in 1990." Last year some 172 large companies filed for bankruptcy, says Ross. That's one every two days! And the beat goes on. "If we don't break the record this year, we'll be within spitting distance of it," says Ross. "If you add up the two years cumulatively, there will be some $500 billion of liabilities in bankruptcies by the end of the year. That's 5% of GDP." And that's just corporate bankruptcies. The action on the personal side is even faster and more furious. ...I met a new neighbor the other day who told me that he was a lawyer by training who had been working as an executive at a shoe company. "But I'm going back to law," he said. "Bankruptcy law. This is a once-in-a-lifetime opportunity." Sadly, he's right."

A. I'm just wondering when he'll be impeached? I mean, come on... sex in the White House... that's been going on for years... but this dude and his daddy need to be stopped. IN THEIR TRACKS.

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