What’s Forcing Americans to Consider Bankruptcy?

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

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This entry was posted on Tuesday, December 22nd, 2009 at 11:59 am and is filed under Setting the Record Straight about Bankruptcy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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