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Surprising Bankruptcy Fact

  • One in every 845 people enter into Bankruptcy every year (One in every 2750 will get lung cancer)
  • 85.5% of people who file for bankruptcy are employees
  • The most common cause of bankruptcy is unemployment accounting for 30% of all bankruptcies, followed by over using credit
  • Clerical or Office workers are the most likely to file for bankrupcy
  • 73% of people who file for bankrupcty are older than 35
    • 45% are older than 45
    • 22% are older than 54

About Bankruptcy Ben

Bankruptcy Ben a is late 20 something Brisbanite. He's 3 generation finance, 2'nd generation insolvency. Still it hasn't stopped him making a lot of financial mistakes. He was a dietitian for 2 years and still has an interest in food. However the finance bug bit and he now works and blogs full time in bankruptcy and blogging. His blog posts are about his quest to cut his expenses, bankruptcy, debt agreements and other ways to deal with debt. His mentors are (though he's never met them) Noel Whittaker, Benjamin Graham and Warren Buffet.

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