Moving into the twenty first century, many Americans aren’t sure of what to expect. Many businesses have begun to outsource labor to Mexico and India. With the loss of jobs comes unemployment to the employees. Most people caught up in a company’s decision to search for lower waged employees cannot find suitable jobs in the same geographic area in which they live.
They have worked at a job for many years and had higher wages. Finding new work with the higher wages is almost impossible. This can begin to have a financial impact on the family and having bill collector’s call only adds to the already stressed out situation. One option that people may decide on is choosing to file one of the types of bankruptcy. For the homeowner there are two different types of bankruptcy.