The North Carolina Bankruptcy Information Blog

After suffering through years of an economic downturn driven by a mortgage crisis, rising consumer debts, and mounting health care costs, of late many average Americans are increasingly hungry for the country to rebound financially. Unfortunately, at the same time, a confluence of events is prompting a resurgence of literal hunger in the U.S. as well as many other corners of the world-at-large.

According to the United States Department of Agriculture, for the third straight year, Hunger Action Month has had to contend with a 1 in 6 hunger rate, the highest percentage since the federal agency began monitoring national hunger in 1995.…

After years of being mired in an economic malaise driven by the foreclosure mess, rising consumer debts, and mounting medical costs, you’d think it would finally be about time for a good old financial reprieve for American families.

Unfortunately, new figures reveal the real financial challenges—even post-recession—that are currently jeopardizing a U.S. family’s most basic needs and forcing many to make a decision between food and shelter.

According to a recent report, approximately 10 million American households— representing one in every four families that rent their homes—could have to choose between paying rent, buying groceries or staying current with bills. As The Huffington Post reported, “The number of households spending more than 50 percent of their income on rent and bills jumped by 2.6 million over the last decade, according to a Harvard Joint Center for Housing Studies report.…

After suffering through years of an economic downturn driven by a mortgage crisis, rising consumer debts, and mounting medical expenses, of late many average Americans are increasingly hungry for the country to rebound financially. Unfortunately, at the same time, a confluence of events is prompting a resurgence of literal hunger in the U.S. as well as many other corners of the world-at-large.

According to a recent report from The World Bank, global food prices are on the rise.  Between October 2010 and January 2011, the Bank’s food price index rose by 15 percent, as global prices of wheat, maize, sugar and edible oils increased sharply.…

We all know times are tough. Unemployment is still high. Consumer spending is still low. But with all the news of a post-recessionary economic recovery, many Americans are hopeful that the worst of the nation’s recent near-Depression is past them. Unfortunately, for one in five of our nation’s citizens an economic recovery is far from a reality, as these same individuals struggle to feed themselves and their families.

Based on a recent article from The Huffington Post, “A staggering 18 percent of Americans surveyed last month said there have been times over the past year when they could not afford to put food on the table, recent Gallup data shows.…

Home foreclosures, job losses, massive consumer debt and health care costs have millions on the edge of financial ruin, struggling every single day even as we’re told by some that the worst economic downturn since the Great Depression is “technically over.”

If you’re affected by any of the above and you’re here, you may be considering bankruptcy. But, as we work towards financial freedom, it’s important to also consider, times are indeed tough for some more than others. And in this economic recession, spurred by downturns in our nation’s financial institutions, the most beloved banks in America are now food banks.…