Bankruptcy is a terrifying and somewhat unpredictable occurrence. For example, medical expenses make up the leading cause of bankruptcy in America, accounting for 42% of bankruptcies. Medical expenses are often unexpected and unplanned costs, which also become detrimental to ones health and therefore unavoidable. Also, according to the same studies, 78% of those 42% actually [...]
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The financial crisis of 2008 revealed the extremely fragile financial system for the house of cards it was. The government, through the Treasury Department and the Federal Reserve, quickly sprang into action. The massive bailouts, totaling over $200 billion in commitments for the financial system alone, may have bought only a temporary reprieve from that [...]
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