Surprising Bankruptcy Facts

Posted by on Mar 25, 2010 in Uncategorized | 0 comments

  • One in every 845 people enter into Bankruptcy every year (One in every 2750 will get lung cancer)
  • 85.5% of people who file for bankruptcy are employees
  • The most common cause of bankruptcy is unemployment, accounting for 30% of all bankruptcies, followed by over-using credit
  • Clerical or Office workers are the most likely to file for bankruptcy
  • 73% of people who file for bankruptcy are older than 35
    • 45% are older than 45
    • 22% are older than 54