More than 1.5 million Americans filed for personal bankruptcy last year, according to the National Bankruptcy Research Center. That's the highest level since 2005, which saw a wave of bankruptcy filings just ahead of major bankruptcy law reforms. - Yahoo! Finance
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According to a recent legal survey nearly one in eight Americans, or 13 percent of the country have either filed or considered filing for bankruptcy.
The FindLaw.com survey found that people between the ages of 35 and 54 are 50 percent more likely to have considered filing for bankruptcy than people ages 18-34 or 55 and older. People of retirement age (65 and older) are the least likely to have considered filing for bankruptcy (7 percent).
Also read:
According to a recent legal survey nearly one in eight Americans, or 13 percent of the country have either filed or considered filing for bankruptcy.
The FindLaw.com survey found that people between the ages of 35 and 54 are 50 percent more likely to have considered filing for bankruptcy than people ages 18-34 or 55 and older. People of retirement age (65 and older) are the least likely to have considered filing for bankruptcy (7 percent).
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The 25 Best Blogs for Dealing With Bankruptcy
Bankruptcy is something that most of us hope to never face, yet with a poor economy and high unemployment, it is becoming a reality for more and more Americans. Whether your finances are a mess because of a failed business or you’ve lost your job and fallen behind in payments, you need all the help and advice you can get to weather this financial storm. On these blogs, written by accountants, lawyers and other financial experts, you’ll get insights into the bankruptcy process, relevant laws and what you can do to protect yourself and your future throughout the whole process. | Accounting Degree.com
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