A perfect storm. It happens rarely, once in a blue moon actually, but still, it happens. Taking its figurative meaning, a perfect storm is defined as a coincident occurrence of events which, if taken independently, has minor effects but when combined, can be extremely powerful. Such a perfect storm is so uncommon such that even [...]
Filing for bankruptcy is the last resort for anyone indebted to a creditor. The debtor usually does this when there is absolutely no other way out from his debts because the consequences will follow the debtor for 7 – 10 years. Under the Bankruptcy Code, the debtor will be protected from his creditors once he [...]