Study: Racial Disparities in Bankruptcy Filings

Jan 21, 2012 | Posted by: roboblogger | Full story: KSFO-AM San Francisco

Racial disparities in bankruptcy filings last year show African-Americans are more likely to file for Chapter 13 bankruptcy than people from other races, says a new study.

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1 - 4 of 4 Comments Last updated Jan 22, 2012
zZaius

United States

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Judge it!
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#1
Jan 21, 2012
 
Is this suppose to be a surprise?
justhefacts

Bronx, NY

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#2
Jan 21, 2012
 
zZaius wrote:
Is this suppose to be a surprise?
Yup, a no brainer

Gee could it be because of this

Look at the Minorities history in unemployment since 1975

http://www.bls.gov/opub/ted/2011/ted_20111005...

The jobless rates for Blacks (16.0 percent), Hispanics (12.5 percent), Whites (8.7 percent), and Asians (7.5 percent) were much higher than their prerecession levels.

Unemployment rates continued to be higher for Blacks and Hispanics for both men and women. In 2010, the rates for Black men and women were 18.4 and 13.8 percent, respectively. The jobless rate for Hispanic men was 12.7 percent, and the rate for Hispanic women was 12.3 percent. In comparison, the unemployment rate for White men was 9.6 percent, and the rate for White women was 7.7 percent. The unemployment rates for Asian men and women were 7.8 and 7.1 percent, respectively.
Mack

Altadena, CA

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#3
Jan 22, 2012
 
The article seemed to suggest that Blacks were steered toward Chapter 13, which requires debt repayment over a 3-5 year period vs Chapter 7 bankruptcy. It would be interesting to determine why this was done.

“Handsome white and black men”

Since: Jan 10

Interracial love

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#4
Jan 22, 2012
 
Shyt!

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