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Friday, February 3, 2012   
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by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about Scott Bilker and DebtSmart can be found in the online media kit.
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Bankruptcies On The Rise Again

Filings dropped after the federal government amended the bankruptcy rules in October 2005, but the numbers are rebounding. In the 15 years prior to the rules change, there were roughly 1.5 million bankruptcies annually--90 percent of them for individuals, not businesses. In 2007, there were 800,000 filings. In 2008 that number will increase 50 percent to 1.2 million.
        Categories:  Bankruptcy
        Reporting Pub:  Bankrate.com
        Reporting Date:  6/16/2008
        Article Title:  How bad is bankruptcy problem?
        Article Author:  Dana Dratch
        Pub's Source:  American Bankruptcy Institute
        Source URL:  View details from source
 

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