U.S. bankruptcies soared 38 percent in 2007: government

[spinbaby]

Source: Reuters

WASHINGTON (Reuters) - Bankruptcy filings by American consumers and businesses soared 38 percent in 2007 to a total of 850,912, the Administrative Office of the U.S. Courts said on Tuesday.

Some legal experts have said they expect an even steeper rise in 2008 bankruptcies because of the subprime mortgage crisis that is forcing growing numbers of homeowners into foreclosure.

Read more: http://news.yahoo.com/s/nm/usa_economy_bankruptcies_dc

[HockeyMom]

1. 57% in the Ft. Myers/Naples Florida area

just read that in the paper today.

Yeah, come on down.:sarcasm:

[Fiendish Thingy]

2. Gee, do ya think the corporate world saw this coming?

They must have, why else would they have pushed their consumer-punishing bills through congress in 05-06?

[tom_paine]

3. If this came directly from the Bushies, I would disbelive it.

But it comes from the Admis of the Court System, which is probably still loaded and parasitized with criminal Bushies, but I am more likely to believe this number than if the Bushie/nazi Liars had issued it.

If THEY had issued it, it would almost certainly mean the REAL numer was well over 50%.

Which it still may be. I am just saying there is less of a chance that it is a Soviet-Bushie-style fabrication considering the source.