The Courier-Journal randomly selected a dozen personal bankruptcy filings during the last year in Louisville and Southern Indiana. What the newspaper found were single people and families who were drowning under the weight of unpaid bills, facing years of repayment plans and trouble restoring their credit.
Student loan borrowers are using vague wording in the definition of a student loan to wipe out the debt using bankruptcy. https://www.thestreet.com/story/13937552/1/student-loan-borrowers-increasingly-turning-to-bankruptcy-to-alleviate-burden.html
Nationwide, personal bankruptcy filings are up 30 percent over last year. Analysts say rising debt, falling home values and a jump in overall living expenses are pushing many family budgets to the brink. NBC’s Michele Franzen reports. http://www.nbcnews.com/video/nightly-news/26335616#26335616
