Record Number of Personal Bankruptcies in 2010. Experts Expect the Num

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When attempting to avoid filing for bankruptcy in retirement, it’s important to identify the causes of bankruptcy for retirees. Between 1994 and 2004, the number of individuals over the age of 65 who filed for bankruptcy tripled. The following are the causes for the extreme increase in the number of bankruptcies filed by retirees:

It’s important to understand that everything filed in a bankruptcy case is a matter of public record (except confidential information, such as a Social Security number). So technically, your bankruptcy filing would be available for viewing by anyone willing to go through the steps to see it. But, most people wouldn’t bother. Here’s why.

Is your money market investor secretly bankrupt? Or what about the contractor building your family’s new dream home? Wouldn’t it be awful if he had to quit in the middle of the project due to poor money management? And then there’s the guy who wan.

As evidence of our growing bankruptcy culture, personal bankruptcy filings in the United States increased from 1.2 per 1,000 people in 1980 to over 5.4 per 1,000 people last year, an increase of nearly 350 percent.1 In terms of annual growth, personal bankruptcy filings per 1,000 people have been growing at an average rate of nearly 7 percent.

Personal Bankruptcy Filings Rising Fast By.. 2010 12:14 pm ET The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge largely driven by foreclosures and.

Number of Bankruptcy Filings The number of bankruptcy filings in the United States has steadily increased over the last century, and especially so from 1980 to 2005. Bankruptcy filings hit an all-time high in 2005, when more than 2 million cases were started.

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Chapter 7 consumer bankruptcy filings have declined since 2010, (see. with the highest numbers of chapter 13 consumer bankruptcies per.

We expect that we’re going to still continue to have a. references-an attorney or a CPA who’s worked with you. And check the public record. You’d be surprised the number of advisers who have a.

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