Filings soar over last year as unemployment, housing crash take toll
WILMINGTON, Del. - 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.
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The good news of course: The recession is over!
ReplyDeleteYippee
anonymous 4:41, LOL, yeah, America got CHANGE alright!
ReplyDeleteWhatever happened to not buying things you can't afford?
ReplyDeleteIs it not amazing how Obama's trickle-up economics is working.
ReplyDeleteObama is turning out to be even a bigger disaster than was predicted.
ReplyDeleteHow much damage will this idiot do to this country before we throw him out in 2012?
The Problem though is not just Obama with his disaterous policies, it's also all the rest of the Dumbocrats like Pelosi, Reid, Shummer, Dodd, Frank, Waters and I could go on and on.
These Dumbocrats are fleecing this country for their own profit and don't give a crap about the working (or newly unemployed) people in this country. The Dumbocrats only care about the Dumbocrat party. The Dumbocrats run thier party just like Chicago mobsters.
Wake up America vote these bafoons out next two election cycles!
Anyone who votes Dumbocrat is just plain stupid!
It's both parties that are destroying this country. The GOP do it behind the scene with their banker friends, the Democrats just tax you to death and give all your hard earned money to Govt. programs for the poor, either way the working middle class get screwed.
ReplyDeleteWell, get ready for another hike in unemployment since the chosen one's plan to bring the Olympics to his cronies in Chicago fell flat on it's a$$. I'm sure the buses were lined up at the southern border to bring all those workers northward.
ReplyDeletewhat do you think the number would be if W. hadn't taken steps to make filing more difficult? Yes, we miss you.
ReplyDeleteLifes a bitch sometimes, but when reach a certain age and being it aint about you anymore. Thats what seperates the men from the boys.
ReplyDelete6:51 and 8:00
ReplyDeleteHear here.