Bankruptcy

Please note: This is NOT legal advice. Bankruptcy should not be attempted on your own- consult an attorney.

Foreclosure Fears Drive One in Five Bankruptcies
By JON PRIOR August 5, 2009 11:45 AM CST

One in five people cite avoiding foreclosure as the main reason for choosing bankruptcy, according to the Consumer Credit Counseling Service (CCCS) of Greater Atlanta.
In June, the national nonprofit financial counseling agency found that 21.6% of the 16,744 people who received counseling filed for bankruptcy to keep their home. That figure remained above 20% since April.

Full article: http://www.housingwire.com/2009/08/05/foreclosure-fears-drive-one-in-five-bankruptcies/