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As the bankruptcy filing rate for people under 55 has fallen, it has soared for older Americans, according to a new analysis from the Consumer Bankruptcy Project, which examined a sampling of noncommercial bankruptcies filed between 1991 and 2007 ...
Read moreBankruptcies in Pennsylvania shot up more than 10 percent over the past year, as a vicious mix of stagnant hiring, mounting credit card debt and rising mortgage payments spurred financial struggles. Federal figures released Wednesday showed that 31 ...
Read moreWASHINGTON -- A son of presumed Democratic vice presidential nominee Joe Biden was paid an undisclosed amount of money as a consultant by MBNA, the largest employer in Delaware, during the years the senator supported bankruptcy legislation promoted ...
Read moreThe Canadian-based economy-fare airline suspended operations on Thursday, grounding all aircraft and canceling its flights, and said it will file for bankruptcy in Canada and the United Kingdom. The airline had been serving Lindbergh Field with twice ...
Read moreNEW YORK (CNNMoney.com) -- As things in the economy have gotten worse, the number of people and businesses heading to bankruptcy court has spiked. Bankruptcy filings surged 29% in the 12 months that ended June 30, according to government figures ...
Read moreBankruptcy is becoming more common among the elderly, according to a report written by the Consumer Bankruptcy Project. Robert Musgrave, the Chapter 13 trustee of the U.S. Bankruptcy Court in Southern Indiana, said he doesn’t have to look at a ...
Read moreCALGARY, Alberta – Zoom Airlines, a Canadian discount transatlantic carrier stung by sky-high fuel costs, canceled all flights and began bankruptcy proceedings Thursday, stranding passengers at several airports. Zoom Airlines has grounded its ...
Read moreMore than 27,000 Illinois consumers and businesses filed for bankruptcy in the first half of 2008, a 35 percent increase that slightly exceeds the national growth pace. Individual filings in the state rose 35.2 percent, to 26,397, compared with the ...
Read moreST. AUGUSTINE, Fla. - First came the health problems. Then, unable to work, Ada Noda watched the bills pile up. And then, suffocating in debt, the 80-year-old did something she never thought she'd be forced to do. She declared bankruptcy. While the ...
Read more“Saving money means taking responsibility for yourself and your future, as well as for your children and parents. It isn't that hard a concept, but it is now an endangered one.” NPR.org , July 10, 2008 · One of the great tensions in the American ...
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