Hear the word bankruptcy these days and it shouldn't be a surprise if the first thing that pops into your head is the city of Detroit.
Just because the government shutdown is over doesn't mean that financial headaches are over. The reality is that events like the shutdown have a way of creating a delayed fiscal reaction that can be devastating. Call it the ripple effect.
All too often, when the word bankruptcy is uttered, it seems to be shrouded in a pall of negative implication. This is perhaps particularly true when the filer for the protections that are available through personal bankruptcy is an individual consumer.
To gauge things by the website for the U.S. Bankruptcy Court in Arkansas it seems to be pretty much operations as usual, despite the ongoing shutdown of the federal government. A statement on the site says the judiciary is open for business, though the situation will be reassessed if the shutdown continues beyond Oct. 15.