Famous People who have filed bankruptcy

The purpose of filing for bankruptcy is to enable a person who has through bad luck, such as medical bills that outran health insurance, bad decisions, such as unsound investments or through a crime, such as fraud to have their debt forgiven so they can get a new start in their financial life. People with […]

Over 60% of Bankruptcies Caused by Medical Bills

Unless you are uber-rich, you may only be an illness away from bankruptcy. As early as 2009, CNN reported that 62 percent of all United States personal bankruptcies could be traced to medical bills. Even more shocking, many of those forced into bankruptcy by medical bills are middle class people with health insurance. What is going on? Will […]

The Bankruptcy Process For Someone With Medical Debt

The Bankruptcy Process For Someone With Medical Debt from Stephen Kass Many people think bankruptcy only happens to people who were financially irresponsible. In fact, over 60 percent of all bankruptcies are caused by medical bills, and it wasn’t always because the person didn’t have insurance. Whether it’s due to a high deductible, policy exclusions […]

Bankruptcy Demographics

Every year more women file for bankruptcy than men do. On average, these women are Caucasian, married and middle aged. While these women are employed, their annual salary is less than $40,000. The majority of these women do have a high school education, are paying on college loans and have overextended their credit. The highest numbers of […]

JP Morgan Chase Vs. Payday Lenders

Many borrowers turn to payday loans when they fall upon hard times. Once you are involved in the cycle of payday loans, it can be nearly impossible to break free. If you miss a payment, you can rack up thousands of dollars in fees. J.P. Morgan Chase Bank has taken the lead in setting new […]