As you might be aware, there has been a significant increase in the number of bankruptcy filings, both personal and business. In the state of Michigan alone, there were more than 56,000 bankruptcy filings. However, other figures show that nationwide, bankruptcy filings fell by nearly 182,000 in 2011 when compared to 2010. Unfortunately, many families find themselves facing financial difficulties. Nearly half, or approximately 40 percent spend more than they earn each year. No one is immune to problems that can lead to bankruptcy filings. According to the Institute of Financial Literacy, more than 27 percent of all people Read More