NextPrevious

Surviving Financial Crises

Bankruptcy

Why are there so many bankruptcies lately?

Among many factors, the most often cited are long-term joblessness, unavailability of credit, and a depressed real estate market which makes it difficult for people to get any equity from their house by trading down and selling their more expensive house in order to buy a smaller, more affordable house during tough economic times.



Close

This is a web preview of the "The Handy Personal Finance Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App