Reasons Americans Declare Bankruptcy

If you are one of the millions of Americans affected by the financial crisis, you may be considering filing for bankruptcy.

Learn about the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 by taking a look at this information from the United States Department of Justice.

• This ABC News article explains how job loss has led to an increase in the number of U.S. bankruptcy petitions.
• Read this CNN article to learn more about the rate of bankruptcy petitions in the United States.
• Find out more about how job loss and other factors contribute to bankruptcy by reading this article from Investopedia.com.
• This Los Angeles Times article provides some recent statistics on the number of foreclosures in the United States.