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Friday, March 12, 2010

Who Is Filing Bankruptcy?

Who Is Filing Bankruptcy?

So who is filing bankruptcy anyway?
The data illustrated on this poster is from 2008 so its not entirely up to date; however, it does a good job at breaking down the demographics of the question (Click on the image for a larger view).

I have to admit the data is somewhat surprising to me as is the conclusion that the “average” person filing bankruptcy is Caucasian, 35-44, married, with a high school education, and an income of less than $30,000 a year.
Bankruptcy clients to me or more than just a statistic so I caution those from reading into the poster too far.  Bankruptcy addresses the needs of a financial condition not an ethnicity, age, education, or income level.  Still, the illustrated data is interesting and I thought I would share.

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