Filling for Bankruptcy

[Timebuilder]

Let's continue the list of possibilities.

Suppose you are an instructor who works as an independent contractor (as all of the instructors at your school are) and your job goes to h*** after September 11th. Because you are not an employee, you are eligible for ZIP money from unemployment. All of the bills continue, and no money comes in. You find a job in May. You sell your seven year old car and start driving a 14 year old car. You still don't have the money to service your debt and still be able to afford ramen noodles. Your prospects for an increase in income are over a YEAR away.

Then what do you do?

I'll tell you what you do. You take experienced legal advice, just like Trump, United, US Air, etc. The only difference is that these are ficticious legal persons, and you are not.

And then, you go on with your life.

 

[BobbyB]

No Doubt, Jedi

Jedi, I was commenting on two things. One, avoid bankruptcy if at all possible. Secondly, others above were lamenting the fact that the airlines can file bankruptcy and then discriminate against potential employees if they have filed. My point is that the difference between me and an airline is that all I do is fly planes, they generate billions in revenue and thousands of jobs for turds like me, even in bankruptcy. I can come up with a ton of ways to go bankrupt. You are right, I, like most of us are a few months without a job away from bankruptcy.