February 15th, 2009 by Reed Allmand 
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.
About Reed Allmand
Allmand's vision is rooted in his own financially precarious childhood in Abilene "My father always had difficulty holding a job and supporting our family, so after my parents divorced when I was 12, my sister and I got jobs to help make ends meet," he recalls. "I remember what it felt like as a child to worry that our car would be repossessed or home foreclosed on."
View all posts by Reed AllmandSubscribe
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