Household debt leads to record bankruptcies
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The number of individuals going bankrupt has hit a record high, government figures revealed yesterday in fresh evidence that over-indebted households are struggling to cope with recent interest rate rises.
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WASHINGTON -- Personal bankruptcies appear to have broken the upward trend of recent years, slipping 0.8 percent in the 12 months ending June 30, figures released Friday show.
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Scientific insights into why we keep overspending, and other bad financial habits.
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Its latest break from creditors is more like a broken record.
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Audit reveals that bureau failed to pay bills totalling tens of thousands of dollars
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Going without healthcare coverage can spell disaster for your finances.
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Experts predict there will be a record number of retailer bankruptcies in the coming months, due to rising costs and some of the weakest consumer spending in years.
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I am sick of being blamed for bankrupting the country's future. The coming collapse of Social Security, soaring drug costs in Medicare, the breakdown of Medicaid -- all my fault! Because I and millions of others are growing older and are about to become eligible for these giant public programs.
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High numbers of residents in foreclosure in these 50 counties owe more than what their homes are worth.
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Disappointing data come as credit crisis looms.
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Drowning in debt? Here's how to put your financial life in order
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With so much bad economic news coming out almost daily, you may be feeling overwhelmed. You may feel there's nothing you can do to prevent your own household from crumbling financially.
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Loans made to people with weak credit during the housing boom have pushed more than 20 companies into bankruptcy.
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Although overspending is a common problem, even frugal people can wind up in financial difficulty.
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WASHINGTON -- With the number of personal bankruptcies rising throughout the nation, the Supreme Court considered yesterday whether IRAs, the popular retirement savings accounts, are safe from creditors during a bankruptcy.
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About half the people who file for bankruptcy do so because they can't pay their hospital, doctor, and medication bills, Harvard researchers found in a new study.
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Current account deficit hits record high as credit crunch knocks tax receipts from the City