Moving Through the Python, Bankruptcy Cycles
August 12, 2009 by Richard Mitchell
Filed under Bankruptcy, Bankruptcy Counseling, Recent News
Today’s economy is force-feeding the bankruptcy python: developers who can’t pay their subcontractors force the subs into bankruptcy. Most small contractors and subcontractors are owned by individuals who guaranteed the business’s debts and will eventually seek personal bankruptcy protection. Bankruptcies always come in waves.
