I'm surprised it hasn't happened already and I don't see how it cannot happen at some point.
I am a small business owner and operator. Unless the economy is revived soon, we are toast. As a 68 year old, the value of the business, my equity in the building, and modest amounts of compensation represented my future. If all that goes it is hard to figure we could keep our modest home which we have owned for 36 years. We also have a small rental property yielding positive cash flow. If we lose our tenant or he doesnt pay,!that will be toast.
Until 60 days ago everything was great. Now it is gloom. There are millions of people who will lose their businesses and homes and savings.
Help.