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Bankruptcy Lawyer: Your Guide to Overcome Financial Difficulties

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What is Bankruptcy?

Bankruptcy filing is the legal process in which outstanding financial liabilities of an individual or an organization are discharged through debt relief.

This debt relief acts as a financial cushion for debtors who have failed to repay their debts. Filing for bankruptcy is a common phenomenon, contrary to a common misconception associated with it.

According to statistics, 149,077 people filed for bankruptcy in 2022 in the USA. Widespread misconceptions about declaring bankruptcy have made it an undesirable option. [Read more…] about Bankruptcy Lawyer: Your Guide to Overcome Financial Difficulties

US manufacturing faces possible pitfalls and severe declines, says report

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U.S.-manufacturing flags
Picture credit: LeHighValley.com via GlobalTradeMag.com

The US manufacturing sector faces numerous possible pitfalls and some risk of severe declines, according to a new report by Creditsafe USA.

The in-depth analysis of the US manufacturing industry says that, despite recent overall consistent performance, there are “several areas of concern” across the entire sector. In particular, the rate of bankruptcy signaling the possibility of an industry slowdown.

With the manufacturing industry being the largest area of employment in the US, any decline could have a “catastrophic effect” on the overall US economy, says Creditsafe.  [Read more…] about US manufacturing faces possible pitfalls and severe declines, says report