Monday, July 20, 2009

Bankruptcy for Doctors

Doctors will face an increase in bankruptcies. As a result, websites like www.bankruptcyfordoctors.com will spring up in many places.

The key question is how bad and how fast. The key problem will be landlords on 5-year term leases and equipment financing.

Well-managed bankrupt doctors will layoff staff aggressively. Poorly managed will not pay payroll taxes or staff and increase the issues to dispute in court.

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