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2009: The Coming Meltdown…

By Brett Weiss, Maryland Bankruptcy Attorney on Jan 5, 2009 in Credit, Bankruptcy, and Society, Featured, Maryland

As we enter 2009, many pundits are predicting that we’ve seen the worse that the recession has to offer, and things will improve in the coming year. Sadly, I don’t see it. Rather, I see things getting significantly worse before they get better. Why? Because of problems or continuing problems in four areas: the auto industry, insurance, mortgages/real estate, and credit cards/consumer credit. This series will examine each of these areas, discuss why they will contribute to the worsening recession, and talk about some steps that can be taken to lessen the severity of their impact on the economy.

Part One: The Auto Industry
Part Two: Insurance
Part Three: Mortgage/Real Estate
Part Four: Consumer Credit

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