Archive for the ‘bankruptcy survey’ Category

What’s Forcing Americans to File Bankruptcy?

Tuesday, December 22nd, 2009

As America closes out 2009 with roughly 1.4 million bankruptcy filings, a new survey reveals the possible economic factors behind the surge.

Respondents were asked which economic factor forced them to consider bankruptcy, and how many people they know who had also considered bankruptcy in the past year.

Loss of wages and tight credit accounted for almost 90 percent of bankruptcy inquiries.

One in three bankruptcy inquirers knew at least other other person who has considered bankruptcy.

Posted in Bankruptcy Statistics, Setting the Record Straight about Bankruptcy, bankruptcy survey | Comments Off

What’s Forcing Americans to Consider Bankruptcy?

Tuesday, December 22nd, 2009

As America closes out 2009 with roughly 1.4 million bankruptcy filings, a new survey reveals the possible economic factors behind the surge.

Respondents were asked to select which economic factor forced them to consider bankruptcy, and how many people they know who had also considered bankruptcy in the past year.

Loss of wages and tight credit accounted for almost 90 percent of bankruptcy inquiries.

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One in three bankruptcy inquirers knew at least other other person who has considered bankruptcy.

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Read the full press release: Job Loss, Credit Crunch Driving Bankruptcy Inquiries

Posted in Bankruptcy Statistics, Setting the Record Straight about Bankruptcy, bankruptcy survey, economic statistics | Comments Off