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3 Reasons Why You Should Avoid Bankruptcy
Well, it's not quite that easy, and many people take filing for bankruptcy lightly nowadays. Here are three reasons why you should try to avoid bankruptcy at all .

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Study Links Medical Costs and Personal Bankruptcy - Businessweek
Jun 4, 2009 . In 1981, only 8% of families filing for bankruptcy cited a serious medical problem as the reason, while a 2001 study of bankruptcies in five states .

The Final 'Kodak Moment': 5 Reasons Why Bankruptcy Would Be ...
Oct 2, 2011 . Now that Kodak shares trade at only 78 cents, the collapse of the imaging icon would be a technology tragedy and a black eye for the U.S..

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Medical Expenses: Top Cause of Bankruptcy in the United States ...
Oct 13, 2011 . This year in the United States an estimated 1.6 million Americans will declare bankruptcy. Many will attribute this financial misfortune to fiscal .

What causes personal bankruptcy? - Megan McArdle - The Atlantic
Feb 6, 2009 . I was going to cite job loss as a major cause of bankruptcy in the previous post, which is the…

Bankruptcy - Ten Common Reasons People File - Saving Advice Forums
By Bankruptcyhome 1. Eliminate the legal obligation to pay many of your debts. This process of wiping the slate clean is called a discharge of .

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8 : Health Care Bill Bankruptcies
Dec 18, 2008 . Dissecting medical from other causes of bankruptcy is difficult. We cannot presume that eliminating the medical antecedents of bankruptcy .

10 Leading Causes of Bankruptcy - What Causes Bankruptcy
10 Leading Causes of Bankruptcy - What Causes Bankruptcy? Get the facts with bankruptcy statistics graphic: Medical bills, unemployment, credit cards .

Medical Bankruptcy in the United States, 2007: Results of a National ...
ically bankrupt” debtors citing ill- ness or medical bills as a specific reason for bankruptcy; OR report- ing uncovered medical bills $1000 in the past 2 years; OR .

Compelling reasons to file bankruptcy
Aug 19, 2005 . While bankruptcy should be a last resort, it makes sense when it solves more problems than it creates, says the Debt Adviser.

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Major Causes of Bankruptcy |
Major Causes of Bankruptcy. Bankruptcy occurs when a person or business is unable to pay off their debts. When a person declares bankruptcy, he must go .

MarketWatch: Illness And Injury As Contributors To Bankruptcy
Jan 27, 2005 . Under the rubric “Major Medical Bankruptcy” we included debtors who either (1) cited illness or injury as a specific reason for bankruptcy, or (2) .

Medical bills trigger half of all bankruptcies - Business - Personal ...
Feb 2, 2005 . Study finds most bankruptcy filers had health insurance . the authors say is the first in-depth study of medical causes of personal bankruptcies, .

What were the reasons for the Lehman brothers bankruptcy
Lehman Brothers became bankrupt as a large part of their loan portfolio comprised of loans for buying real estate. With the meltdown in the property market in .

Causes and Effects of the Lehman Brothers Bankruptcy
Jan 22, 2009 . Causes and Effects of the Lehman Brothers Bankruptcy - Free download as PDF File (.pdf), text file (.txt) or read online for free.

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Most Common Reasons For Filing Bankruptcy
A qualified and experienced bankruptcy attorney will be able to assist a person through the Chapter 7 filing process and all the other tests and requirements in .

Reasons for Bankruptcy are Varied
Reasons for Bankruptcy are Varied. [Jul 25, 2007.] A new study indicates there are a myriad of reasons behind consumer bankruptcies. The report shows that .

When Chapter 13 Bankruptcy Is Better Than Chapter 7 Bankruptcy ...
For some debtors, Chapter 13 bankruptcy is a better option than Chapter 7 bankruptcy. And sometimes Chapter 13 is the only option because a debtor is not .

Bankruptcy and Business: Causes of Bankruptcy |
Apr 23, 2007 . Don't want to go out of business? Learn about bankruptcy and business and the causes of bankruptcy. Avoid going out of business with these .

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Reasons to File for Chapter 7 Bankruptcy Instead of Chapter 13 ...
When given the choice, many debtors prefer filing Chapter 7 bankruptcy because it discharges most debt. However, a debtor must qualify by meeting an income.

Seven reasons GM is headed to bankruptcy -
May 31, 2009 . If just one big mistake had brought General Motors to its knees, maybe it could have been fixed and averted its march into bankruptcy court .

Common Reasons for Bankruptcy Dismissal |
Common Reasons for Bankruptcy Dismissal. A bankruptcy filing can be dismissed at any time for a variety of reasons. A debtor may request a dismissal if the .

What Are The Causes Of Bankruptcy? - Blurtit
The previous answer was NOT helpful. For the answer to your question, read my article . Brian V. Lee, Esq. Bankruptcy Lawyer in DC.

Bankruptcy Basics: When should you throw in the towel? | LegalZoom
There are lots of reasons people file for Chapter 7 bankruptcy. You're probably not the only one, whatever your reason is. Some common reasons for filing for .

The Cause of Blockbuster's Bankruptcy - CNBC
Sep 23, 2010 . The long slow demise of Blockbuster, filing for Chapter 11, provides another example of how the failure to effectively respond to changes in the .

Six Rotten Reasons Not To File Bankruptcy
Apr 5, 2012 . But in the current financial climate, I see clients in my office daily who desperately need to file bankruptcy…And they won't. The reasons they .

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Bankruptcy Information Sheet - Department of Justice
Mar 1, 2012 . One of the reasons people file bankruptcy is to get a “discharge.” A discharge is a court order which states that you do not have to pay most of .

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Reasons for Bankruptcy Letters |
Reasons for Bankruptcy Letters. When you file for bankruptcy, the United States Bankruptcy Court generates several different types of letters. You may also need .

Some Good Reasons To File Chapter 13 Bankruptcy
Oct 7, 2009 . Why is that? Well, there are many reasons that people don't file and even intentionally avoid Chapter 13 bankruptcy. A few of these reasons are .

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Before bankruptcy: three reasons to change banks
Sep 24, 2011 . Before bankruptcy: If you have money in a bank you owe money to; if you have money in Wells Fargo; if you are in danger of garnishment, .

Why did Lehman Brothers file for Bankruptcy
What were the reasons for the Lehman brothers bankruptcy? Lehman Brothers became bankrupt as a large part of their loan portfolio comprised of loans for .

Medical Bills Leading Cause of Bankruptcy, Harvard Study Finds
Feb 3, 2005 . Illness and medical bills caused half of the 1458000 personal bankruptcies in 2001, according to a study published by the journal Health Affairs .

Five Reasons Why Borders Went Out Of Business
Jul 21, 2011 . Forty years ago, when Borders opened its first store in Ann Arbor, Michigan, the book industry was a different place. But for years, Borders acted .

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When and Reasons Why to File for Bankruptcy
Jul 26, 2011 . Declaring bankruptcy is an extreme measure that's expensive & time-consuming, but it can get you back on track. Here's the why and when to .

Medical Bankruptcy: Myth Versus Fact
The authors counted these as medical-related reasons for bankruptcy even if the respondents did not state that illness or injury was a reason for bankruptcy.

Letter Explaining Reasons for Bankruptcy - Letter Expert
Mar 29, 2012 . The reasons why you may need to write a letter explaining your bankruptcy and the type of things a prospective lender will want you to include .

Business Failure and Dissolution - advantage, Reasons for business ...
"Lots of small companies go out of business for reasons that probably . Individuals are allowed to file for bankruptcy under either Chapter 7 or Chapter 13 law.

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Top 5 Reasons People File For Bankruptcy
Aug 31, 2009 . There are many different reason people file for bankruptcy but here I have the top 5 reasons people file for bankruptcy. By filing bankruptcy you .

Six Reasons Why GM Should Declare Bankruptcy - Seeking Alpha
Six Reasons Why GM Should Declare Bankruptcy. March 9, 2009 by: Rick Newman | about: GM. Just a few months ago, bankruptcy was "not an option," .

The Leading Cause Of Personal Bankruptcy…You May Be Surprised!
Mar 7, 2008 . Do you know what happens to be the #1 reason for bankruptcy? Not divorce, job loss nor business failure. It's actually ILL HEALTH. It's a bit .

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Debts You Cannot Discharge in Bankruptcy -
Bankruptcy offers a "fresh start" when you find that you're overwhelmed by your debts. People turn to bankruptcy for many reasons, and sometimes you have no .

The bankruptcy of General Motors: A giant falls | The Economist
Jun 4, 2009 . The collapse of General Motors into bankruptcy is only the latest chapter in a . The chief cause of optimism was a deal with the United Auto .

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