Personal Bankruptcies in U.S. Rise 24% on Economy's Pinch, Researcher Says

[marmar]

U.S. Consumer Bankruptcies Rose 24 Percent in August (Update1)
By Christopher Scinta


Sept. 2 (Bloomberg) -- U.S. consumer bankruptcy filings rose 24 percent in August from the previous year to 119,874, according to the American Bankruptcy Institute and National Bankruptcy Research Center.

“Consumers continue to turn to bankruptcy as a shield from the sustained financial pressures of today’s economy,” said Samuel Gerdano, the executive director of the American Bankruptcy Institute. “As a result, we expect consumer filings to top 1.4 million this year.”

While the August figure was an increase over the prior year, filings declined from July’s total of 126,434, the groups said in a statement.

The current wave of consumer bankruptcies has swept up celebrities such as actor Stephen Baldwin, former baseball player Lenny Dykstra and celebrity photographers Markus Klinko and Indrani Pal-Chaudhuri.


http://www.bloomberg.com/apps/news?pid=20603037&sid=aqyxH6p.cd_c

[Earth Bound Misfit]

1. BBBBUT the recession is over!!11!!!!

Lenny Dykstra.... That's a SHAAAAME...what a F$%&ING SLEAZEBALL.

[timeforpeace]

2. Once the stimulus kicks in it will be better.

[girl gone mad]

3. don't bogart the green shoots...

;)

[slay]

4. The republican assholes saw this coming - hence the "reform" of bankruptcy laws a couple years ago

fuckers - they KNEW there would be more and they wanted to make it harder for people to file for bankruptcy.. heartless motherfuckers