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Bankruptcy Caused by Inflation, Too!

By Joseph McDaniel, Esq.

There are a lot of reasons for inflation.

And everybody knows that inflation is going up, and going up fast. 

But you can play with statistics, and you can talk about the importance of inflation in commodity prices, or at the grocery store.

But for a family that's up against the wall, the combination of higher gasoline prices and then higher prices at the grocery store may just be enough to push over the Jenga Tower.

And then you get more consumer bankruptcy cases.

p.s. of course, on the bright side, there is no bright side. With the United States poised for another 1.4 million mortgage foreclosures and trustee's sales this year...well, there is no good news.

Full post as published by Arizona Bankruptcy Attorney Blog on February 12, 2011 (boomark / email).