With individual bankruptcy filing at record place, it is not too surprising that companies and now state government are following suit.

There is a thought floating around that 46 out of 50 states in American could file for bankruptcy. If that turns out to be true then we might be in for a long ride before the economy begins to pick up and unemployment numbers get better as people find more jobs.

So if you are contemplating filing bankruptcy don’t feel bad. It might be the best thing for you to do for yourself so that you can have a better future.