William L. Pegg, Jr.

14 Feb 2011 02:12 pm

Bankruptcy is a legal term to describe the situation when a person or business is unable to pay off its outstanding debts. It is a legal declaration that there is no possible way to pay off the creditors.
Filing for Bankruptcy  is a difficult decision for anyone to go through both economically and emotionally. Hiring the [...]

14 Feb 2011 01:32 pm

What Could You Do with the U.S. Debt of $14 Trillion?
1. Buy 3,824,812,630 Super Bowl XLV tickets.
2. Give $45,068.58 per person in the U.S.
3. Just about the entire annual output of the U.S.
4. The U.S. defense budget for the next 20 years.
5. Buy up 58 million homes.
6. Purchase 400 of the country’s largest companies.
The nation’s [...]

09 Feb 2011 01:44 pm

Japan increased its public debt by 1.1% further escalating its total public debt of Y919.151 trillion at the end of last year, equivalent to 194% of Japan’s nominal gross domestic product for the fiscal year ended March 2010.
Both Europe and the USA are also facing record braking deficits raising serious concerns about the strength of [...]

01 Feb 2011 02:42 pm

The idea of giving states the option to file for Bankruptcy in order to escape ballooning deficits has been raised publicly by Republican former House speaker Newt Gingrich and other conservative thinkers who see it as a way to allow states to escape crushing debt with little damage to taxpayers.
Currently, cities, companies and individuals are [...]