U.S. Bankruptcy Courts - Chapter 7 Issues

Common U.S. Bankruptcy Courts Chapter 7 Legal Issues for Debtors

The number of individuals who file has risen for years. More telling, the percentage rate of all people who file each year is also rising. Since 2000, the number of people filing and the percentage of the population have increased dramatically.

Notable economists, including especially Chairman of the Federal Reserve Board Alan Greenspan, have grown beyond a point of concern for the financial health of American families. Currently, 1 of every 78 households chose either Chapter 7 or Chapter 13 each year.

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