How Can Single, Separated, or Divorced Women Avoid Bankruptcy?
Single women — and particularly single mothers — face serious financial hurdles and are at serious risk of declaring bankruptcy . Here are the key warning signs, and ways to avoid filing bankruptcy . Since the 1981, the rate women file bankruptcy rose dramtically. Nearly 1 million women filed Bankruptcy in 2001. Some 69,000 women filed for either Chapter 7 or Chapter 13 Bankruptcy in 1981. By 2001, according to research by Harvard law bankruptcy professor Elizabeth Warren, women filing Bankruptcy independently or as part of a couple numbered close to a million. What can women do to avoid Bankrutpcy filings? One’s gender does little to predispose you to a Bankrutptcy filing any more than one’s eye color. But the statistical evidence shows that women are more likely to end up in certain financial predicaments that often lead to declaring Bankruptcy . Contrary to the stereotype that those who file Bankruptcy have irresponsibly spent themselves into a hole, nine out of 10 wom