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Is Medical Bankruptcy a Real Thing?

Medical bills are the number one reason for bankruptcy in the United States.  Multiple studies have shown the in 25% – 50% of bankruptcies, medical debt was significant.  However, the answer to the question ‘is medical bankruptcy a real thing?’ is ‘no’.  While medical bills are a heavy contributor to

The “Coming Storm of Broke Elderly”

This phrase was coined in a paper published by the Social Science Research Network in August of this year.  According to the paper, from 1991 to 2016, the bankruptcy rate for people over the age of 65 has risen 204%.  Explanations include low income, scarce or failing pensions, and the

Claire’s: A Bankruptcy Success Story

In March of this year, Claire’s began to crumble under the weight of just over $2 billion in debt.  With stores in nearly every mall in America, the ear-piercing giant was feeling the decline of the mall as we know it.  Unable to pierce ears over the internet, Claire’s has