Circumstances, Not Actions, Drive Bankruptcies
Richard Piersol writes for the Lincoln (NE) Journal Star about the experiences of local credit counselors who conclude that "it’s not so much wild spendthriftiness and irresponsible abuse of credit card debt" that leads to personal bankruptcy - rather, "medical costs from health troubles almost always lead to misfortune in employment and loss of income. Then comes bankruptcy." A new report from the Nebraska Appleseed Center for Law in the Public Interest titled "Debt Trends in Nebraska" (PDF) examines some of the issues in more detail.
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