Bankruptcies Rise Nearly 40%
The American Bankruptcy Institute says that the number of bankruptcies in America has went up nearly 40% in the last year.
In 2006, 573,203 residents in the United States filed for bankruptcy. In 2007, more than 801,840 United States citizens filed for bankruptcy. What is the cause of this jump? Studies showed that the majority of the filings were caused by the home mortgage crisis. For 2008, the American Bankruptcy Institute predicts the number or people filing for bankruptcy will rise another 7.5%. The American Bankruptcy Institute also predicts that more jobs will be lost this year.
January 3rd, 2008 at 6:32 pm
WOW! Unbelievable statistics, it is amazing how much higher the bankruptcy rate is as to when I was younger.
Thanks!
March 25th, 2008 at 5:56 pm
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Found your blog on yahoo - thanks for the article but i still don’t get it.
May 9th, 2008 at 6:26 am
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May 29th, 2008 at 8:32 pm
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