A friend and I were chatting yesterday and she recalled how their family had such a hard time a couple of years back. It was actually the effect of the recession here in the US.

Her husband ran the operations back home but the headquarters was here in the US. When management decided to cut costs, their office was closed and everybody lost their jobs. It was a tough time because they didn’t know how to file bankruptcy there. Even though they were in a different country, they relied on researching about it online and found sites like the San Diego Bankruptcy Information. It was then they realized how complicated closing a company was. Aside from the heart-aching task of letting go of all his employees, he also had to find ways to liquidate all the assets or arrange from some of them to be shipped back to the US.