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Women and Bankruptcy
More women than men file for bankruptcy each year. And recent changes in U.S. bankruptcy laws put women at even greater risk than before. What are the situations that arise that compel a woman to seek bankruptcy, and how can women avoid making these costly mistakes?
Change in Bankruptcy Law Pushes Women to the Edge
In 2005, new legislation was passed changing bankruptcy law in the U.S. Whether intentional or not, the new law places an even greater burden on women due to higher filing costs, less opportunity to expunge debts, and changes in eligibility for bankruptcy protection.