Sacramento Bankruptcy: Improved Economy Prompts Bankruptcy Filings
Bankruptcy is a reflection of credit and the debt that goes along with it. As the economy slowly improves, credit is reemerging and, along with it, a confidence to use it. When that debt cannot be managed, bankruptcy may be a byproduct. As this news article reflects, bankruptcy filing flattened as credit dried up in the recent recession. Now, though, credit is coming back.
Taking on new credit is a sign of a strengthening economy. But when the debt can’t be repaid, bankruptcy may be an option.