Nearly two out of three bankruptcies stem from medical bills, and even people with health insurance face financial disaster if they experience a serious illness, a new study shows. The study data, published online Thursday in The American Journal of Medicine, likely understate the full scope of the problem because the data were collected before the current economic crisis. In 2007, medical problems contributed to 62.1 percent of all bankruptcies. Between 2001 and 2007, the proportion of all bankruptcies attributable to medical problems rose by about 50 percent.
Sheikh Mohammed turned Dubai into Creditopolis, a city built entirely on debt. Dubai owes 107 percent of its entire GDP. It would be bust already, if the neighbouring oil-soaked state of Abu Dhabi hadn't pulled out its chequebook.
In 2000, Illinois resident Marvin Weatherspoon (right) got a Bank of America credit card that he used to consolidate $12,000 in home repair bills, thinking the 4.5 percent introductory interest rate would help him get out of debt faster.
Story of a 7 year old girl in a muslim country who was sold to be a bride by her father.Through protest at eleven years old she set herself on fire as a way to be rid of her cruel life. Now at fourteen the scared and prisoned girl tries to tell her story
![Debt in the USA, 1980 to present [graph].](http://market-ticker.denninger.net/uploads/Z12009-09/CumulativeDebt80-Present.png){kind=link}
