In early April, the American Bankruptcy Institute detailed data from the National Bankruptcy Research Center (NBKRC) revealing that consumer bankruptcy filings were up 15.2 percent nationwide this past February as compared to January 2008 and up 37.3 percent from February 2007.
It doesn't take a rocket scientist to figure out that a tough economy means more people filing bankruptcy.
With that in mind, an interesting editorial in today’s Minneapolis Star-Tribune pits the blame for this increase in consumer bankruptcy filings on the credit industry.
Give the editorial a read as it offers a a bankruptcy attorney's poignant perspective on the issue.
Tags: bankruptcy filings, consumer bankruptcy, filing bankruptcy
This entry was posted on Monday, April 7th, 2008 at 1:35 pm and is filed under Bankruptcy News and Events. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.