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Top 5 Bankruptcy Facts


you can bet your bottom dollar these

you can bet your bottom dollar these facts will be interesting if you have

facts will be interesting if you have

facts will be interesting if you have one left that is I declare bankruptcy

one left that is I declare bankruptcy

one left that is I declare bankruptcy welcome to watchmojo.com ting down the

welcome to watchmojo.com ting down the

welcome to watchmojo.com ting down the five most interesting facts that we

five most interesting facts that we

five most interesting facts that we could find about bankruptcy I just

could find about bankruptcy I just

could find about bankruptcy I just wanted you to know that you can’t just

wanted you to know that you can’t just

wanted you to know that you can’t just say the word bankruptcy and expect

say the word bankruptcy and expect

say the word bankruptcy and expect anything to happen I didn’t say it I

anything to happen I didn’t say it I

anything to happen I didn’t say it I declared it number five the gender

declared it number five the gender

declared it number five the gender balance is tipping statistically

balance is tipping statistically

balance is tipping statistically speaking women are more likely to file

speaking women are more likely to file

speaking women are more likely to file for bankruptcy than men for the first

for bankruptcy than men for the first

for bankruptcy than men for the first time in modern history it’s a battle of

time in modern history it’s a battle of

time in modern history it’s a battle of the sexes you’d rather not win but

the sexes you’d rather not win but

the sexes you’d rather not win but according to recent statistics ladies

according to recent statistics ladies

according to recent statistics ladies not dudes are more likely to go broke in

not dudes are more likely to go broke in

not dudes are more likely to go broke in the 21st century reportedly because of

the 21st century reportedly because of

the 21st century reportedly because of overspending and consumer debt according

overspending and consumer debt according

overspending and consumer debt according to the Telegraph which reports 2015

to the Telegraph which reports 2015

to the Telegraph which reports 2015 findings by the insolvency service cover

findings by the insolvency service cover

findings by the insolvency service cover in England and Wales women under the age

in England and Wales women under the age

in England and Wales women under the age of 25 are almost twice as likely to go

of 25 are almost twice as likely to go

of 25 are almost twice as likely to go bankrupt as men the divide exists in the

bankrupt as men the divide exists in the

bankrupt as men the divide exists in the u.s. too though it’s less harsh debt org

u.s. too though it’s less harsh debt org

u.s. too though it’s less harsh debt org calculates the 52 women filed for

calculates the 52 women filed for

calculates the 52 women filed for bankruptcy for every 48 men on the other

bankruptcy for every 48 men on the other

bankruptcy for every 48 men on the other hand a 2013 study at McMaster University

hand a 2013 study at McMaster University

hand a 2013 study at McMaster University concluded that companies performed

concluded that companies performed

concluded that companies performed better with women in the boardroom

better with women in the boardroom

better with women in the boardroom making financial decisions citing a 2009

making financial decisions citing a 2009

making financial decisions citing a 2009 paper which found that firms cut the

paper which found that firms cut the

paper which found that firms cut the risk of bankruptcy by 20% by having at

risk of bankruptcy by 20% by having at

risk of bankruptcy by 20% by having at least one female director big big huge

least one female director big big huge

least one female director big big huge number four it’s not stupid to go

number four it’s not stupid to go

number four it’s not stupid to go bankrupt

bankrupt

bankrupt we bucks just a small loan from the

we bucks just a small loan from the

we bucks just a small loan from the briefcase and we find ourselves some

briefcase and we find ourselves some

briefcase and we find ourselves some reasonable lodgings good plan you might

reasonable lodgings good plan you might

reasonable lodgings good plan you might feel a little foolish if you ever go

feel a little foolish if you ever go

feel a little foolish if you ever go bankrupt but there’s no direct link

bankrupt but there’s no direct link

bankrupt but there’s no direct link between someone’s intellectual

between someone’s intellectual

between someone’s intellectual capabilities and their financial

capabilities and their financial

capabilities and their financial situation studies show that less

situation studies show that less

situation studies show that less intelligent people are as likely to

intelligent people are as likely to

intelligent people are as likely to succeed and be wealthy as clever people

succeed and be wealthy as clever people

succeed and be wealthy as clever people and more intelligent folk are equally

and more intelligent folk are equally

and more intelligent folk are equally threatened by failure and financial

threatened by failure and financial

threatened by failure and financial difficulty in a 2007 study conducted by

difficulty in a 2007 study conducted by

difficulty in a 2007 study conducted by Jay Zagorski for Ohio State University

Jay Zagorski for Ohio State University

Jay Zagorski for Ohio State University the link between the IQ and wealth of

the link between the IQ and wealth of

the link between the IQ and wealth of over 7400 Americans was analyzed while

over 7400 Americans was analyzed while

over 7400 Americans was analyzed while results indicate that there is a

results indicate that there is a

results indicate that there is a correlation between IQ and income ie the

correlation between IQ and income ie the

correlation between IQ and income ie the better your IQ the more you take home

better your IQ the more you take home

better your IQ the more you take home the study found no link between

the study found no link between

the study found no link between intelligence and the light

intelligence and the light

intelligence and the light hood of credit card problems missed

hood of credit card problems missed

hood of credit card problems missed payments or bankruptcy Zagorski suggests

payments or bankruptcy Zagorski suggests

payments or bankruptcy Zagorski suggests that the findings show that smarter

that the findings show that smarter

that the findings show that smarter people struggle to save money he points

people struggle to save money he points

people struggle to save money he points to the University parking lot as

to the University parking lot as

to the University parking lot as evidence despite the supposed smartness

evidence despite the supposed smartness

evidence despite the supposed smartness of professors you see a lot of old low

of professors you see a lot of old low

of professors you see a lot of old low value vehicles he says so while it isn’t

value vehicles he says so while it isn’t

value vehicles he says so while it isn’t really rocket science to make money it’s

really rocket science to make money it’s

really rocket science to make money it’s not difficult to lose it either

number three health problems often mean

number three health problems often mean money problems in the u.s. transplant

money problems in the u.s. transplant

money problems in the u.s. transplant surgery is very expensive in most cases

surgery is very expensive in most cases

surgery is very expensive in most cases prohibitively so cancer survival rates

prohibitively so cancer survival rates

prohibitively so cancer survival rates are going up which can only be a good

are going up which can only be a good

are going up which can only be a good thing but studies have shown that cancer

thing but studies have shown that cancer

thing but studies have shown that cancer survivors are consistently more likely

survivors are consistently more likely

survivors are consistently more likely to go bankrupt than people without the

to go bankrupt than people without the

to go bankrupt than people without the disease due in large part to hospital

disease due in large part to hospital

disease due in large part to hospital costs a 2013 survey led by dr. Scott

costs a 2013 survey led by dr. Scott

costs a 2013 survey led by dr. Scott Ramsay match the financial situations of

Ramsay match the financial situations of

Ramsay match the financial situations of almost 200,000 people affected by cancer

almost 200,000 people affected by cancer

almost 200,000 people affected by cancer with an equal amount who haven’t been

with an equal amount who haven’t been

with an equal amount who haven’t been transplant surgery doctors fees

transplant surgery doctors fees

transplant surgery doctors fees post-operative care immunosuppressant

post-operative care immunosuppressant

post-operative care immunosuppressant drugs you’re looking at a minimum of two

drugs you’re looking at a minimum of two

drugs you’re looking at a minimum of two hundred and fifty thousand dollars

hundred and fifty thousand dollars

hundred and fifty thousand dollars results showed that four thousand four

results showed that four thousand four

results showed that four thousand four hundred and eight of those diagnosed had

hundred and eight of those diagnosed had

hundred and eight of those diagnosed had filed for bankruptcy compared to two

filed for bankruptcy compared to two

filed for bankruptcy compared to two thousand two hundred ninety one without

thousand two hundred ninety one without

thousand two hundred ninety one without a diagnosis furthermore a 2010 poll by

a diagnosis furthermore a 2010 poll by

a diagnosis furthermore a 2010 poll by the Harvard School of Public Health and

the Harvard School of Public Health and

the Harvard School of Public Health and the knowledge networks organization

the knowledge networks organization

the knowledge networks organization found that over a third of heart disease

found that over a third of heart disease

found that over a third of heart disease and diabetes sufferers linked their

and diabetes sufferers linked their

and diabetes sufferers linked their worsening financial situation to their

worsening financial situation to their

worsening financial situation to their poor health the poll also found that

poor health the poll also found that

poor health the poll also found that four percent of those with heart disease

four percent of those with heart disease

four percent of those with heart disease and nine percent of those with diabetes

and nine percent of those with diabetes

and nine percent of those with diabetes were forced to declare bankruptcy

were forced to declare bankruptcy

were forced to declare bankruptcy because of medical bills I can do this I

because of medical bills I can do this I

because of medical bills I can do this I can pay I swear to god I’ll pay the

can pay I swear to god I’ll pay the

can pay I swear to god I’ll pay the money back I don’t know how I’m gonna do

money back I don’t know how I’m gonna do

money back I don’t know how I’m gonna do it but I promise you I will the Irish

it but I promise you I will the Irish

it but I promise you I will the Irish says that you can’t put a price on your

says that you can’t put a price on your

says that you can’t put a price on your health but unfortunately in America you

health but unfortunately in America you

health but unfortunately in America you can and some patients just can’t pay it

can and some patients just can’t pay it

can and some patients just can’t pay it yes ma’am I need to speak to somebody

yes ma’am I need to speak to somebody

yes ma’am I need to speak to somebody and financial aid

and financial aid

and financial aid number two saying sorry often helps I’m

number two saying sorry often helps I’m

number two saying sorry often helps I’m sorry you apologize too much in a

sorry you apologize too much in a

sorry you apologize too much in a similar way to a number of other legal

similar way to a number of other legal

similar way to a number of other legal situations an apology in the courtroom

situations an apology in the courtroom

situations an apology in the courtroom during a bankruptcy judgment is proven

during a bankruptcy judgment is proven

during a bankruptcy judgment is proven to increase the debtors chances of a

to increase the debtors chances of a

to increase the debtors chances of a more favorable ruling young man having

more favorable ruling young man having

more favorable ruling young man having my judgment mocked in my own court is

my judgment mocked in my own court is

my judgment mocked in my own court is not something I’m prepared to tolerate

not something I’m prepared to tolerate

not something I’m prepared to tolerate according to a 2013 study conducted by

according to a 2013 study conducted by

according to a 2013 study conducted by the University of Illinois the decision

the University of Illinois the decision

the University of Illinois the decision of a judge can often be influenced by a

of a judge can often be influenced by a

of a judge can often be influenced by a display of remorse

Jennifer Kay Robin alt a co-writer of

Jennifer Kay Robin alt a co-writer of the study argues that bankruptcy cases

the study argues that bankruptcy cases

the study argues that bankruptcy cases are unlike any other in court because

are unlike any other in court because

are unlike any other in court because she says the harm is often spread across

she says the harm is often spread across

she says the harm is often spread across many creditors so there is no single

many creditors so there is no single

many creditors so there is no single victim and the debtor initiates the case

victim and the debtor initiates the case

victim and the debtor initiates the case which may be perceived as acceptance of

which may be perceived as acceptance of

which may be perceived as acceptance of responsibility essentially although the

responsibility essentially although the

responsibility essentially although the debtor is looking to relinquish

debtor is looking to relinquish

debtor is looking to relinquish financial control they do hold a small

financial control they do hold a small

financial control they do hold a small degree of control within the courtroom

degree of control within the courtroom

degree of control within the courtroom itself as bankruptcy judges have to

itself as bankruptcy judges have to

itself as bankruptcy judges have to discern the likelihood of a debtor

discern the likelihood of a debtor

discern the likelihood of a debtor honoring a proposed payment plan saying

honoring a proposed payment plan saying

honoring a proposed payment plan saying sorry can help build a better more

sorry can help build a better more

sorry can help build a better more commendable personal profile

Rober note says that the finding

Rober note says that the finding suggests that bankruptcy is at least in

suggests that bankruptcy is at least in

suggests that bankruptcy is at least in part about forgiveness and that judges

part about forgiveness and that judges

part about forgiveness and that judges decisions can be complex and

decisions can be complex and

decisions can be complex and multi-dimensional number one it happens

multi-dimensional number one it happens

multi-dimensional number one it happens to the best and most famous of us fern

to the best and most famous of us fern

to the best and most famous of us fern look at me do I look into you I’m broken

look at me do I look into you I’m broken

look at me do I look into you I’m broken I’m depressed off my ass bankruptcy can

I’m depressed off my ass bankruptcy can

I’m depressed off my ass bankruptcy can be billed as a very lonely state of

be billed as a very lonely state of

be billed as a very lonely state of affairs but its more common than most

affairs but its more common than most

affairs but its more common than most people probably believe but one in every

people probably believe but one in every

people probably believe but one in every 70 American households has filed for

70 American households has filed for

70 American households has filed for insolvency or will do so in the future

insolvency or will do so in the future

insolvency or will do so in the future and studies show that over 40% of

and studies show that over 40% of

and studies show that over 40% of American families spend more than they

American families spend more than they

American families spend more than they earn every year although the global

earn every year although the global

earn every year although the global economy has improved since the financial

economy has improved since the financial

economy has improved since the financial crisis of 2008 as long as tendencies to

crisis of 2008 as long as tendencies to

crisis of 2008 as long as tendencies to overspend continue bankruptcy will

overspend continue bankruptcy will

overspend continue bankruptcy will threaten even the rich and famous aren’t

threaten even the rich and famous aren’t

threaten even the rich and famous aren’t immune talk-show host Larry King

immune talk-show host Larry King

immune talk-show host Larry King legendary animator Walt Disney former

legendary animator Walt Disney former

legendary animator Walt Disney former heavyweight champion Mike Tyson and 90s

heavyweight champion Mike Tyson and 90s

heavyweight champion Mike Tyson and 90s rapper MC Hammer have all filed for

rapper MC Hammer have all filed for

rapper MC Hammer have all filed for bankruptcy at some point in their

bankruptcy at some point in their

bankruptcy at some point in their careers

even the iconic former President Abraham

even the iconic former President Abraham Lincoln had his assets taken from him

Lincoln had his assets taken from him

Lincoln had his assets taken from him during an early career as a shopkeeper

during an early career as a shopkeeper

during an early career as a shopkeeper and hey now he’s on the penny if that

and hey now he’s on the penny if that

and hey now he’s on the penny if that doesn’t give you hope nothing will you

doesn’t give you hope nothing will you

doesn’t give you hope nothing will you cleats first common notion is this

cleats first common notion is this

cleats first common notion is this things which are equal to the same thing

things which are equal to the same thing

things which are equal to the same thing are equal to each other so what do you

are equal to each other so what do you

are equal to each other so what do you think is it absolutely ridiculous or

think is it absolutely ridiculous or

think is it absolutely ridiculous or kind of understandable that the rich and

kind of understandable that the rich and

kind of understandable that the rich and famous sometimes go broke those Rio use

famous sometimes go broke those Rio use

famous sometimes go broke those Rio use go ahead and add it up every sense

go ahead and add it up every sense

go ahead and add it up every sense accounted for for more cash-strapped

accounted for for more cash-strapped

accounted for for more cash-strapped toptenz and apologetic top fives be sure

toptenz and apologetic top fives be sure

toptenz and apologetic top fives be sure to subscribe to watchmojo.com

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