With mounting debts, pending foreclosures and the possibility of bankruptcy, many educated, highly-skilled workers are turning to the food service industry to make ends meet, according to an article in the Dallas Morning News.
The article quoted Lisa Johnson, a real estate agent:
"I started borrowing money from my parents," said Johnson, 33, who works full time in Halliday's Routh Street office in Dallas. "It really took a toll on me." So she polished up waitressing skills she hadn't used since college and began moonlighting, working evenings serving cocktails at the new Hully & Mo Restaurant and Tap Room in the Quadrangle in Dallas.
I know the old adage, "you've got to do whatcha' gotta do" but is this a realistic long-term solution to our current financial crisis? And it is a long-term crisis, as the permanent closing of factories, stores and businesses have indicated. This woman is buckling down and taking a major step backwards; but what about her existing bills? What about her mortgage, her credit card bills, taxes she owed and of course the ever-present student loans? They don't get paid. But there is another step she could take--bankruptcy. Using bankruptcy to reduce her debt might be an excellent tool for getting her finances in order in these trying times.
If you're facing a professional step backwards with lower pay, speak with a professional Dallas-Fort Worth bankruptcy attorney to find out how you can protect your assets using Chapter 7 bankruptcy or Chapter 13 bankruptcy .