Many people cited overextended credit (55.2%), unexpected expenses (52.3%), and reduced income (46.3%) as causes of their financial distress. Others are job loss (33%), illness or injury (31%), and divorce (15%).
Categories:
Bankruptcy
Reporting Pub:
Consumer Reports - Money Advisor
Reporting Date:
7/1/2007
Article
Title:
Why People Seek Bankruptcy Protection
Article
Author:
Staff
Pub's Source:
Institute for Financial Literacy
Source
URL:
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