Anonymous Coward User ID: 6973389 United States 08/12/2019 11:16 PM Report Abusive Post Report Copyright Violation | Bankruptcy filings rising across the country and it could get worse ! Everybody is BROKE! America is Insolvent! Lower the prices! Lower the interest rates on loans and credit cards! Banks need to stop charging 18-20% interest rates on credit cards. [ link to nypost.com (secure)] Bankruptcies are back — flashing warnings that more Americans are knee-deep in debt in big cities like New York. While total bankruptcy petitions nationwide by consumers and businesses are still well below Great Recession levels, analysts say there is an unmistakable trend upward. New York state’s bankruptcy filings, for instance, have risen steadily the past three years, hitting 34,711 in 2018, up from 30,112 in 2016, according to the American Bankruptcy Institute (ABI), based on data from Epiq Systems. More consumers nationwide are falling behind on their payments and filing for bankruptcy to resolve overwhelming debt loads. And low unemployment, an uptick in average wages and the latest Fed interest rate cut have not restrained the debt monster. Some cash-strapped consumers are even finding relief at food pantries. |
Icey
User ID: 77119763 United States 08/12/2019 11:36 PM Report Abusive Post Report Copyright Violation | Re: Bankruptcy filings rising across the country and it could get worse ! New York post is fake news. I am SNOWIE. WELCOME TO THE NEW ICE AGE. TRY NOT TO STARVE. |
Anonymous Coward User ID: 10485453 United States 08/12/2019 11:40 PM Report Abusive Post Report Copyright Violation | Re: Bankruptcy filings rising across the country and it could get worse ! I've got friends who are in IT and are nurses. Constant complaints about to many hours. |
Anonymous Coward User ID: 76958163 United States 08/12/2019 11:51 PM Report Abusive Post Report Copyright Violation | Re: Bankruptcy filings rising across the country and it could get worse ! Brick wall straight ahead |