Archive for February, 2016

Interesting Statistics Behind Personal Bankruptcy in the US

Written by Law School on . Posted in Arkansas workers comp, Auto accident lawyers, Process of declaring bankruptcy

Business bankruptcy

If you are considering filing for personal bankruptcy, you certainly have a big decision to make and you’ve probably already considered other options available. What you might not realize, however, is that personal bankruptcy cases are incredibly common and it’s possible to file for bankruptcy without ruining your entire credit score permanently. Take a look at the statistics below, and you’ll get an idea of how common this is:

    97%: The percentage of bankruptcy cases in the U.S. that are personal bankruptcies. Although we typically hear about business bankruptcies more often, business bankrup