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Bankruptcy filings go way up in February

By Sam Glover

Unsurprisingly, since many creditors are simply chucking their receivables into collections in bulk, consumers are finally starting to file bankruptcy en masse. February filings are up 22% from January, reflecting an average of 5,433 filings every day. There is probably no better indication of how badly Americans are hurting than the number of Americans who [...] Related posts:Bankrupts no longer ashamed of themselvesThe bankruptcy processSubprime lenders in bankruptcy should be ashamed of themselves

Full post as published by Caveat Emptor on March 03, 2009 (boomark / email).