Well I guess it had to happen. It has finally come to this and I am sorry. My Construction Company is now officially out of cash. I know, and I am comfortable in that I did all I could to not let it happen.I looked at bankruptcy but feel that if I were to enter chapter 11 proceedings my customers would no longer have confidence in the homes we build. Our suppliers could lose confidence in our ability to produce a first class product. Therefore I feel that bankruptcy is not an option.I have examined every option and firmly believe that a government bailout is the only viable option. Furthermore, [more]

So now that Circuit CIty is in Bankruptcy and they are closing stores left and right, how is it that they are able to afford all the advertising that I see for them now? It seems like every time I hear about a company that is going under they seem to have more and more advertising on TV, the internet and espically in newspapers. Shouldn't they be using that money to restructure the company and save as many jobs as possible? That's what is messed up about companies, they spend all the money on themselves and forget about the people that make the company great. I mean that is how circuit city [more]

Bankruptcy or economic failure is an officially declared term defining the failure or impairment of organizations or individuals to pay off their debts. The legal formalities approve creditors to file a bankruptcy petition against debtors in an effort to recover the debt. In several cases, debtors start bankruptcy formalities called “voluntary bankruptcy” filed by the bankrupt organizations or bankrupt individuals. In the Older Testament of Hebrew Scriptures and the Bible, Moses Laws advised that one “Jubilee Year” or “Holy Year” need to take place every half century, [more]