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6 Bankruptcy Questions Answered

Here are answers to 6 common questions that people have about filing for bankruptcy….

http://lubbockonline.com/stories/111608/bus_356546623.shtml

…government figures showing Americans are lumbering under some $900 billion in credit card debt…

Using 120 Million households as a benchmark, that’s $7500 per household…

However, $900MM is only a fraction of mortgage debt outstanding…look for more news about foreclosure’s effects on the economy…

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3 Comments

  1. caz from debit card loans wrote:

    That’s nothing compared to what the British government is borrowing on our behalf. I think the figure of the top of my head is some $30-40,000 per head. Not sure how they expect us to pay all that back.

    Sunday, December 7, 2008 at 8:20 am | Permalink
  2. admin wrote:

    I read the UK is doing better than the US…?

    I visited that country- nice place these days. But, wow, real estate prices were sky high (at least as of 10? years ago)…

    Have they come down?

    Monday, December 8, 2008 at 8:24 am | Permalink
  3. aaron from best baby strollers wrote:

    The paying back part is what worries me the most. Our gov’t just seems to be spending future money to prop up a system that seems broken. Where will the money come from?

    aaron´s last blog post..Schwinn Jogging Strollers

    Monday, December 8, 2008 at 7:32 pm | Permalink

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