Major Causes of Bankruptcy and the Looming Economy The pressure of the economic crisis is being felt across the nation and increasing the chances that those who are hanging on for dear life to what they have in reserves and are still managing to pay their bills, to consider bankruptcy as an option should they lose their jobs. Among the major causes of...

Going Bankrupt Going bankrupt is very common these days, most everyone knows or has heard of someone who’s had the misfortune of filing bankruptcy. There is a long list of reasons for this, however the most prominent are loss of job, unexpected medical bills, becoming disabled and of course the housing market...

Bankruptcy due to medical bills While loss of employment remains the number one cause of bankruptcy right now, when people lose their jobs they almost always also lose their health insurance benefits that they used to get through their employer. This often creates medical debt and it is something that often leads families and individuals...

More women are filing bankruptcy A steady climbing demographic in bankruptcy is that of more women filing bankruptcy than ever before. Women who file bankruptcy are single mothers, women who get divorced and those who become widows. Recent surveys indicate that close to 40% of bankruptcy filings in the U.S. today are made up by women. Divorce...

The cost of bankruptcy The cost of filing bankruptcy has kept up with the economy and the demand for filing services, though it is not bankruptcy legal services alone that total up the cost of bankruptcy. There are a few other factors when considering bankruptcy, that the filer needs to think about before proceeding. To summarize...

Bankruptcy statistics at historic levels The world is going bankrupt By the end of the first decade of the new millennium bankruptcy cases will have reached tens of millions in the US alone. More people will have filed bankruptcy than have acquired a college degree, retired, or have died of cancer. Current bankruptcy statistics show that businesses,...

Credit repair after bankruptcy How does your credit look after bankruptcy? After getting your bankruptcy discharge you need to prepare to tackle the task of making sure that credit entries in your credit report are not still showing delinquent accounts. Anything that should have been included in bankruptcy needs to be labeled as such....

Can I get a mortgage after bankruptcy? Buying a home after bankruptcy This is more of a myth than most people realize, the fact is that it is definitely possible to get a mortgage loan after bankruptcy. Sure, getting to a stage in which lenders will consider you again is still a bit tough, but generally the belief is that since personal bankruptcy...

Should you take a free bankruptcy evaluation? As the economy continues to be the main cause of concern for most Americans, people are starting to consider bankruptcy as way to find relief from their overwhelming debts. The real estate crash and the high price of fuel are only part of the reason, while credit card and other unsecured debts have contributed...

Reasons to file bankruptcy Stop foreclosure of your home Without bankruptcy protection you have nothing to help you stop your mortgage lender from repossessing and foreclosing on your property if you’re behind on payments. Bankruptcy law can stop the foreclosure process at anytime before the sale occurs, typically you’d...