Attorney Matthew Brennan recently wrote:

“…if the toxic mix of inflation, stagnant wages, supply chain issues, and increasing interest rates begins to eat away at your household savings, or even causes your debt balances to increase dramatically, you should keep the possibility of bankruptcy in mind.”

I agree that all of these issues are in play, with devastating effect.

 

It’s like a perfect storm, brewing to make an overwhelming hoard of new bankruptcies inevitable.

Where I disagree with Matthew is here: There is no “if” about it.

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