Number of Bankruptcies Increases by 32 Percent

09 Jan 2010 07:19 am

Number of Bankruptcies Increases by 32 Percent

In economic news, the Associated Press reports the number of Americans and businesses filing for bankruptcy jumped 32 percent last year. Over 1.4 million bankruptcy petitions were submitted, more than any year since Congress overhauled the bankruptcy laws in 2005. In Arizona, the number of bankruptcies jumped 77 percent. Bankruptcies also increased by over 50 percent in California, Wyoming and Nevada.
Ouch, Hard numbers.
Via

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