Financial Security

6 Ways to Avoid Bankruptcies

  By most measures the economy is robust. Unemployment is low. The exchange is roaring. Gross domestic product is rising. Bankruptcy is on few people’s minds under these circumstances. Corporate bankruptcy tends to be cyclical, and bankruptcy filings trend up and down together with the direction of the macroeconomy. The wake of last decade’s financial crisis (and closer to home here in Michigan, the automotive crisis) and “Great Recession” is where the last big surge…

Continue reading