Reply #30: This absooutely false. [View All]

[caledesi]

The vast majority of bankruptcy filers are not wealthy individuals trying to cheat the system. The average person filing for bankruptcy earns just $22,000 per year (according to a 1999 study by federal bankruptcy judges). Most have suffered a significant period of unemployment before filing. According to Consumers Union, among elderly debtors, 85% cite medical or job problems as the reason for bankruptcy. Consumers Union also says that single moms trying to make ends meet make up a large portion of bankruptcy filers -- divorced women raising children are 500% more likely to end up in bankruptcy than married or single women without children.

cobrands.business.findlaw.com/bankruptcy/ nolo/ency/B0B66870-4C52-4303-919B10B9611D3EF9.html

Case in point: After this moron came into office, my husband was laid off from a major company after almost 20 years. 6 months later I became seriously ill and couldn't work. Don't talk to me about "responsibility." We HAD excellent credit until these unforeseen catastophes.