Among these various stats about the US consumer…this one stands out:
* 38.3 percent of homeowners with subprime mortgages were
30 or more days behind on the loans on their primary residences
in December, up 23.9 percent year-over-year.
Read the entire post over here:
http://uk.reuters.com/article/marketsNewsUS/idUKN0645287720090206

Our site is filled with bankruptcy information.
However, if you still need more, check out these links:
http://www.bankruptcyinformation.com/
http://www.bankruptcyaction.com/questions.htm
and especially the official US bankruptcy court’s info…especially the Chapter 7 info:
A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor’s nonexempt [...]