Bankruptcies Jump, Hitting Highest Level in Four Years | WHAT REALLY HAPPENED


Bankruptcies Jump, Hitting Highest Level in Four Years

U.S. bankruptcy filings rose 33 percent in the third quarter to the highest number since 2005, government data show, as rising unemployment and tight credit made it more difficult for consumers and businesses to stay current on their debts.

"With unemployment surpassing 10 percent and credit to businesses remaining tight, consumers and businesses are increasingly turning to the financial relief of bankruptcy," said Samuel Gerdano, executive director of the nonpartisan American Bankruptcy Institute, in a statement.

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"Shoots of hope", my astrolabe!!

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