Personal Bankruptcy in America

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http://www.billshrink.com/blog/8839/personal-bankruptcy-in-america/
Personal Bankruptcy in America
billshrink.com

Personal bankruptcy is an option when an individual has too much debt and cannot keep up with their financial obligations.

Bankruptcy Code was amended in 2005 and added new requirements for those filing bankruptcy. As a result, many fewer Americans filed bankruptcy in 2006. However, the housing market bust, recession, credit crunch and other factors in personal finance are driving the rate of bankruptcy back up, despite the changes in the law.

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Personal Bankruptcy in America
Relevant Subject and Topic
Personal Credit, Managing Money, Hard Knocks, Defining Success, Credit, Financial Distress, Social Responsibility, Common Legal Issues, Business & Vocational, Math, Economics & Finance
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Article
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Features
Informative
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Blog
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billshrink.com
Most Suitable For Use By
Instructors, Facilitators, Parents, Learners, Entrepreneurs, Policy Makers
Age Appropriateness
Adult(19+)
Grade Appropriateness
High School, Postsecondary, Graduate, Adult General, Professional
Geographic Suitability
All or Non-Specific
United States
Language
English
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