Monday, May 7, 2012

One Million Americans Need to Borrow Money So They Can File for Bankruptcy

This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy.
The average cost to file for Chapter 7 bankruptcy protection, the most common form of consumer bankruptcy, is more than $1,500, according to recent research submitted to the National Bureau of Economic Research.
As a result, anywhere between 200,000 and one million consumers are estimated to be unable to afford that steep cost this year.
From CNNMoney via Yahoo Finance
Americans Too Broke to Go Broke!  more at:

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