According to Findlaw…
A survey by legal information Web site FindLaw.com finds 12 percent of Americans have either filed, or have considered filing, for bankruptcy.
Now that the foreclosure boom is in full swing, what could possible stop this trend?
http://www.bizjournals.com/milwaukee/stories/2009/02/09/daily60.html
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7 Comments
Filing bankruptcy can be an advantage for those people who are really financially burdened.
One, if you have unsecured debts, you can keep your assets. Second, it will stop creditors from bugging you to pay or else they will be in trouble.
However, I totally agree that this is a complicated process. The reports about your assets, debts and revenues should be convincing. Or else it will not be granted.
I know a lot of people who have filed for bankruptcy who are under the age of 30. It’s kind of sad really, but at the same time its not surprising.
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Just wanted to say thanks for all the great info.
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Sad. No personal accountability anymore.
Thank you, this is really interesting. Can’t wait to try it!
I hope our government can find solution to help people experiencing this kind of issue.
The government should take an action before it is too late.
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