Sidney Feuerstein, a Memphis lawyer who handles personal bankruptcy cases, has seen an increase in people coming to him because of job losses, not necessarily economy related. Some of them were laid off when Baptist Memorial Hospital in the Medical Center closed, he said. Most of the employees were lower paid and really hit hard when they were put out of work. Beyond that, he said, he hasn't spotted any trends pointing toward an upturn in personal bankruptcy filings. A lot of those people will be subject to a downturn in the economy.
Companies sell less product, and there's less work in the warehouses.
As that happens, the demand for some financial relief will increase.