The year 2008 wasn’t exactly a banner year for the U.S. economy, but this is hardly news. While the bank and credit collapse happened what seemed like all at once, it had been simmering on the back burner for a while, also not news. For starters, the fact bankruptcy filings rose dramatically during [...]
Entries Tagged as 'Bankruptcy'
Who Filed Bankruptcy in 2008?
November 12th, 2009 · No Comments · Bankruptcy
Tags: 2008 figures·Age·Bankruptcy·Economic Crisis·Education·employement·filing bankruptcy·gender·Income·new bankruptcy laws
Seven Things You May Not Know About Bankruptcy
October 5th, 2009 · No Comments · Bankruptcy
Though I rarely recommend bankruptcy (usually because the person does not qualify or the debt is $25K or less), sometimes this is the only route. The laws were rewritten in 2005, and confusion still abounds.
Even the rich file bankruptcy. I’ve certainly seen this happen – and it can happen quickly. Even for people [...]
Tags: Bankruptcy·court·Credit Score·Debt Settlement·expensive·home mortgage·personal bankruptcy
When Having Bad Credit Isn’t Your Fault
September 29th, 2009 · No Comments · Bankruptcy, Credit Bureaus and Scores, Credit Repair, Credit Reports
Many people think that having bad credit is always someone’s fault. In today’s economic environment, foreclosures are happening right and left and the job market is the worst since 1983. As a result of this crisis, the number of people with bad credit (not just a few missed payments) is increasing. [...]
Tags: bad credit·Bankruptcy·Credit Report Errors·Credit Reports·divorce·health insurance·Identity Theft·Medical Bills·un-employment
Bankruptcy Filings Surge Amid Rising Unemployment
June 19th, 2009 · No Comments · Bankruptcy, Consumer Debt
It is more bad news for the United States economy, as data recently released by the Administrative Office of the U.S. Courts indicates both consumer and corporate bankruptcy filings increased dramatically in 2009.
According to the report, the total number of U.S. bankruptcies filed during the first three months of 2009 increased 34.5 percent over the [...]
Tags: 2009 bankruptcy data·Bankruptcy·bankruptcy alternatives·bankruptcy filings increase·business bankruptcy·consumer bankruptcy·increased bankruptcy filings
