People go bankrupt because they take risks beyond their means and I agree we have a cycle of bankruptcies on the way in the near future!

It the path to bankruptcy in many cases. @ Shiloh Lundahl wrote the following "The higher leverage the more risk the bank has, the lower leverage the more risk I have" My goodness I read this stuff and just cringe.

It was a bankruptcy that our Title guy found out about & we literally stole it.

If any private business ran itself like the Government, they would be in bankruptcy in no time.Have you ever heard of Public Housing, aka The Projects?

The big advantage here in Florida is that there is no limit on your homestead exemption here so it is a form of bankruptcy protection to have your home paid off.

The developer declared bankruptcy.

For example, someone could have a bankruptcy that's a couple years old or medical bills (very common) or high student loans.

I'm thinking about filing for bankruptcy"I ask why."

Shortages of essentials (including food) and massive bankruptcies are not only coming -they are planned. 

At this time, we are not renting to applicants with prior evictions, bankruptcy, or history of late payments."