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Willisms

« Trivia Tidbit of the Day: Part 723 -- Texas Jobs, 2010. | WILLisms.com | Trivia Tidbit of the Day: Part 725 -- Jobs, Jobs, Jobs. »

Trivia Tidbit of the Day: Part 724 -- Bankruptcy.

Economy Struggles In 2009-

Bankruptcy is a terrible thing, and it is on the rise:

NA-BD183_BANKRU_NS_20100104195953.gif
Overall, personal bankruptcy filings hit 1.41 million last year, up 32% from 2008, according to the National Bankruptcy Research Center, which compiles and analyzes bankruptcy data. It is the highest level of consumer-bankruptcy fillings since 2005. Consumers rushed to file in 2005 before the new bankruptcy laws took effect in October of that year.

Chapter 7 filings were up more than 42% as of November 2009, compared with the same period a year earlier, according to the research center. November is the most recent month with analyzed data available. Chapter 13 filings rose by 12% and made up less than a third of 2009 filings as of November.

I hope we can see these numbers begin to fall soon, along with unemployment rates, but they both may remain high until we get some real Reaganesque hope and change back in America.

-------------------------------------

Previous Trivia Tidbit: Texas Jobs, 2010.

Posted by Will Franklin · 5 January 2010 01:21 PM

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