Recently, I posted Popeyes franchise w/ 136 locations filed for bankruptcy. Now, a Hardee's franchise is filing Chapter 7, shutting down 77 locations in 9 states.
It's not only retail apocalypse, but fast food restaurants also. Consumers are holding back and have less disposable income available.
Bankruptcy is unique because you could be living in one state, but using the laws from your previous state. But the more important issue is which state protects your assets.
I discuss the residency requirements in this article 👇
bankruptcy.blog/2024/06/bank...
Did you earn $1,700 more last year? Did you cut $1,700 from your budget last year?
Either way. You won't be compensated by an "illegal tax" that corporations benefited from.
There's a general belief that if your name is on the debt, at the time of divorce, that debt isn't your responsibility. But that's not true, and that also applies to pre-marital assets.
This article explains how equitable distribution works. 👇
bankruptcy.blog/2024/06/pers...
The Treasury Dept. will be handling the collection of student loans. They are far more aggressive than traditional debt collectors and have powers no private debt collector has.
Parents need to think twice as co-signers on student loan debt for their children!
bankruptcy.blog/2026/04/pare...
I think we are several decades away from what they claim it will do. And when companies see that less employees equals less revenue overall, they will need to rethink.
I still believe when it becomes popular, they all jump ship.
When I first saw AI summaries on a search, I thought how are they making money? They aren't. Billions lost alone on online searches
Getting sick, a car accident, or bad luck shouldn't mean losing everything you worked hard for.
Who could have guessed....
I've always wondered if this is another Nixon moment, meaning the powers that be decide we need to move on.
I was amazed today finding out how many future trees I have FREE! I didn't put them there. But guess who did. I'm also enjoying meadowscaping.
I didn't see this job opening on Indeed.
We won't even get $1 back from the $1k-$2k tariffs costs us. But businesses just increased their profits with their refunds
We never have to work again. Everything is free, even the Heineken I'm currently drinking.
Meta is likely to cut 20% of its workforce this year. Did they lose money? Of course not.
It seems the more corporations profit, the more layoffs that ensue.
And when they lose $, guess what? More layoffs.
The mortgage foreclosure crisis was the results of Deregulation, which of course, helps corporations.
It seems no idea is ever about paying higher wages. How many more decades of stagnant wages will be enough?
Smh...
Well, I think we all need a bailout.
The U.S. economy by definition is not in a recession. Does it matter?
These figures show economic pain regardless.
I posted last week that QVC/Home Shopping Network filed for bankruptcy. The good news is there are no expected layoffs or furloughs!!
As the Treasury Dept. becomes the debt collector for the fed. govt's student loans, you need to be prepared for its extra-judicial tools, such as wage garnishments without a formal court filing.
Today's article discusses what you need to know.
bankruptcy.blog/2026/04/stud...
There will be tariff checks issued, not for you, but for the businesses that paid the tariffs. The consumer will get nothing, as I predicted when I posed the question of what happens when SCOTUS rules the tariffs are illegal.
I was critical of tariffs from day 1. Some argued that tariffs aren't passed to the consumer; but we now know that consumers paid at least $1k more this year b/c of the tariffs.
But the bigger issue is that I always said there would be no tariff checks. I was wrong!!!!
ChatGPT, draft a lawsuit for me.
Like I've always said, it trickles down, just not what you want.
You get a extra credit today for the good question.
Any 1st day law student would ask the obvious- " how is $250 billion in damages going to be proven?"
I would make a counter offer- we do a blood or urine test right now. Publish the results, and if proven wrong, cut you a check.
How did Alabama & Georgia respond? By borrowing billions that tax payers will foot the bill for bc I doubt those corporations will more in taxes than the average household.
Here's another idea- they should AI to figure out how to pay for their own electricity.
Remember "we need to fight them over there to not fight them over here."
