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Personal bankruptcies up 41 percent
Consumer bankruptcies soared 41 percent in September from a year before and climbed from August, as high unemployment and the housing market crash took their toll, the American Bankruptcy Institute said on Friday.September filings totaled 124,790, the fourth-highest month since the bankruptcy law changed in 2005. Filings also rose 4 percent from August, even as recent reports have indicated that the U.S. housing market might be stabilizing and consumer confidence appears to be recovering. Posted by: Fred 2009-10-03 |
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