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The number of consumer bankruptcies filed during the first
three months of 2007 jumped to 187,361, a 66 percent increase compared with the
first quarter of 2006 and a 9 percent increase compared with the fourth quarter
of 2006, according to the Administrative Office of the U.S. Courts. In all of
2006, 112,685 new cases were filed.
"New cases are being filed at much higher rates than a year ago, as more households feel the stress of high debt burdens, a trend that is likely to continue," said the American Bankruptcy Institute's executive director, Samuel J. Gerdano. SOURCE: Michelle Singletary, Washington Post For full story: http://www.washingtonpost.com/wp-dyn/content/article/2007/07/04/AR2007070401372.html BANKRUPTCY FILINGS UP IN 2007 |
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