Millions of hard-working Americans are filing bankruptcy every year.
In 2010 more than a million and a half individuals and families filed for bankruptcy — exceeded only in 2003 and 2005.
It’s predicted that bankruptcies could decrease in 2011 after returning to the pre-2005 levels the past two years. But, if the economy slows bankruptcies will climb. More than 3.7 million Americans have filed for bankruptcy in the last five years.
With so many Americans in financial trouble bankruptcy no longer carries the stigma it once did. The need to file bankruptcy has touched not only the poor, but a wide spectrum of Americans who are struggling to make ends meet.
When will the financial struggle for hard-working American’s end?
Read the rest of this entry »
The new Blog about my murder mystery can be seen on The Huffington Post. It was posted in the Books Section and can be found near the bottom of the left hand column. Or, you can click on this link, http://www.huffingtonpost.com/jim-worth/emfinal-auditem-a-trail-o_b_677993.html and go straight to the article on the site.
I think you’ll enjoy it.
“Damn, I love this Place.” Stephen Carston stared at the distant horizon where the water meets the cloudless blue sky knowing he might never be able to enjoy this again.
“If only things hadn’t…”
Life was great for Stephen Carston. Hell it was more than great—it was gluttonous. In my first novel, “Final Audit,” Carston was the fictional CFO for GlobalNet, a multi-national telecommunications corporation where there seemed to be no limit to the money executives at GlobalNet could make.
Their stock was skyrocketing reaching new highs everyday and with each new high Stephen’s net worth increased by millions. He was building a new three-story mansion of unequaled beauty in Boca Raton and was looking forward to the recognition and acclaim he would receive after its completion.
But that was a fictional financial world. Or was it?
Read the rest of this entry »
Eight short years ago the Markets were shocked by the December bankruptcy filing of Enron, one of the largest corporations in the country. It was the biggest bankruptcy in history. Just six months later WorldCom filed bankruptcy becoming the new largest recorded bankruptcy.
These two failures shook the markets sending stocks into a tailspin. Enron became the poster child for corporate corruption and executive greed leading the way to a series of corporate scandals including Adelphia, Tyco, ImClone, and Global Crossing. The perfect setting for Murder!
The corruption and greed became the backdrop for “Final Audit,” an exciting novel about executives from bankrupt corporations dying. As I wrote this ‘mystriguing’ first novel my research took me beyond the immediate scandals to the avarice, arrogance, and abhorrent behavior prevalent in Corporate America.
Many were responsible for the collapses of Enron and WorldCom. But the important issue would be what they learned from the failures and what they would do to prevent this happening in the future.
So what did we learn? And how did we apply those lessons? Read the rest of this entry »