Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.
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Bankruptcy exposes the economic vulnerability and insecurity of middle class women.
The women who file for bankruptcy played by all the rules, but they are still in economic freefall.
Bankruptcy is a serious decision that people have to make.
Know what happens when an individual declares bankruptcy and how it affects his or her life.
Restrict bankruptcy rules.
By the time most people file for bankruptcy, their credit is already trashed, they have a high debt-to-income ratio - a key indicator lenders look at - and they've likely defaulted on more than a few accounts.
The No. 1 cause of bankruptcies is medical bills.
Some economists estimate that for every family that goes bankrupt, there are about 15 more who are in the same amount of financial trouble and would profit from bankruptcy but just haven't filed.
Medical debts are the number-one cause of bankruptcy in America.
Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage.
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