University of Illinois law professor Robert Lawless recently published an extensive report predicting that we will see the impact of Hurricane Katrina reflected in bankruptcy filing statistics for up to three years.
The study analyzed all 18 hurricanes and tropical storms that have caused $1 billion or more in damages since 1980, and found a clear trend toward increased bankruptcy filings in the affected areas for up to thirty-six months. Read the full article here: Hurricane Victims Likely to Impact National Bankruptcy Filing Rates
Written by Kevin Chern Esq. on Thursday, August 10th, 2006 at 5:32 pm and is filed under Economic News: How Are We Doing?. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.