People at all socio-economic levels struggle, and there is ample evidence to show that it is not only "regular" people who encounter financial difficulties -- such as unexpected medical bills, job loss, home repairs, a business venture gone bad and so forth -- that ultimately bring them to a Chapter 7 bankruptcy filing or a consultation with an experienced bankruptcy attorney.
It is likely that the vast majority of Americans have not yet heard much, if anything, about an organization called Strike Debt, which is a group recently spawned from the efforts of Occupy Wall Street.
It's hard to know what to think about the local and national housing market these days, given the number of reports from diverse sources that, while converging on some details, conflict materially on important points.
Florida is home to scores of thousands of active-duty and reservist military members across all branches of the Armed Forces.
In the economic downturn of recent years, many Floridians and persons from elsewhere across the country have stated that it was a sudden and unforeseen job loss that created insurmountable financial problems for their family and resulted in bankruptcy. Others have noted that it was an unexpected expense or two that was charged on a credit card, with principal and interest payments subsequently becoming onerous over time and eventually beyond their means to pay.