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Personal Bankruptcy filings are up 40% from this time last year

Posted by Damon Day on Jul 2, 2009 in Bankruptcy, Blog | Comments Off

I am afraid this number is only going to get worse as the recession slogs on. Unemployment is continuing to rise as companies rush to downsize in an attempt to survive. The unfortunate reason for many of these bankruptcies is that these families where carrying too much debt and living paycheck to paycheck. When they have a hiccup in their income situation, they are left with no wiggle...