Word: owner
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Flores, 55, is the owner and sole proprietor of a local business, Carpet Care 4 Less. Throughout 2007, he saw his income plummet along with the national economy. "My business dropped off by 50%," he says. As his client roster evaporated, Flores started drawing on credit cards and took out a second mortgage to the tune of $57,000 in order to stay afloat. In 2009, out of options and under threat of losing his home of 10 years, Flores filed for Chapter 13 bankruptcy - a reorganization filing under which consumers agree to a plan to make payments of past...
...recent weeks, their raison d'être has expanded beyond loyalty to a fallen politician. The movement's leaders now include a motley crew of populist orators, social activists and opportunist politicians - all preaching the gospel of class struggle. "I don't even like Thaksin," says Thienchai Mangmeetanasothon, owner of a small business in Bangkok. "It's not about one person. It's about how the government doesn't care about people who aren't rich...
...warm February afternoon and the sun is streaming through the open doors of a large, airy farmhouse set at the far end of a guarded estate outside Libya's capital, Tripoli. Trays of dates and almonds are laid out in the living room, where the owner of the house, relaxed in a traditional North African robe and slippers, sips orange juice freshly squeezed from the fruit trees outside. All is a picture of prosperity and calm...
...task force also recommends an administrative change in which the school affiliated with the requester pays for the delivery rather than the book owner...
...know that if we don't pay our mortgage, our home can be foreclosed on. We know that if we don't make our car payments, our car will be impounded. But I bet not every small-business owner fully gets that if you sign a personal guarantee for a loan or line of credit and your business ends up defaulting, everything you own can be seized, including your house, wedding rings and, in some states, joint bank accounts. Your wages can be garnisheed, as can your life-insurance policies. Bottom line: anything that looks juicy to the bank...