bankruptcy

Beyond ForeclosureGate - It Gets Uglier

Michael Collins

The ForeclosureGate scandal poses a threat to Wall Street, the big banks, and the political establishment. If the public ever gets a complete picture of the personal, financial, and legal assault on citizens at their most vulnerable, the outrage will be endless. (Image)

Foreclosure practices lift the veil on a broader set of interlocking efforts to exploit those hardest hit by the endless economic hard times, citizens who become financially desperate due medical conditions. A 2007 study found that medical expenses or income losses related to medical crises among bankruptcy filers or family members triggered 62% of bankruptcies. There is no underground conspiracy. The facts are in plain sight.

Nick Benton's Corner: The Blade's Immineent Rebirth

Posted with permission of writer Nicholas Benton, owner/editor of the Falls Church News Press.


The sudden demise this week of the storied Washington Blade, the nation's oldest gay-themed newspaper that only last month hosted a gala party to celebrate its 40th anniversary, is tragic on an array of levels.


Nick Benton's Corner: The Blade's Immineent Rebirth

Posted with permission of writer Nicholas Benton, owner/editor of the Falls Church News Press.


The sudden demise this week of the storied Washington Blade, the nation's oldest gay-themed newspaper that only last month hosted a gala party to celebrate its 40th anniversary, is tragic on an array of levels.


More Medical Bankruptcy-Have Insurance, Go Bankrupt

Dear President Obama,Senator Baucus and Speaker Pelosi:

Will your health refrom end medical bankruptcy?
Just asking...?

Sincerely,
America

What a great system we have in the United States!

As Senator Baucus and other continue to defend propping up the "uniquely American" system of for-profit private insurance, that system continue to cause a uniquely American event: Personal bankruptcy due to illness and medical bills. This does not occur in other countries.

There is a new, follow-up study (.pdf) on the subject just out today, in the leading professional peer review American Journal of Medicine:

Illness and medical bills linked to nearly two-thirds of all United States bankruptcies in 2007

Harvard study finds 50 percent increase from 2001

Most of those bankrupted by illness were middle class and had insurance

Follow me  for the sad gory details

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Downloadable copies of press release and info above is at the PNHP website here.

And again, downloadable full text of professional peer review journal article is here.

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Ohioans Filing Bankruptcy Since 2006 Skyrocket

OhioNews Bureau

COLUMBUS, OHIO: New statistics drawn from the two federal bankruptcy courts in Ohio show an 80 percent increase in the number of Buckeyes going bust since the spring of 2006.

The report, issued by Bob Lawless and found at Credit Slips, a nationally respected blog about credit and bankruptcy, is based on bankruptcy data from March 2008 that revealed that the US average filing rate went over 4,000 per day for the first time since the 2005 bankruptcy law was passed.

Of the ninety federal judicial districts in the 50 states, Ohio’s Southern and Northern districts ranked 49th (representing an 81.2% increase) and 51st (representing an 80% increase), respectively, in the number of bankruptcy filings reported from April 2006 to March 2008.