Wednesday, August 27, 2008

Bankruptcy Filings Surge 29%

Bankruptcy filings surged 29% in the 12 months that ended June 30, according to government figures released today.

Total filings rose to 967,831 from 751,056 a year earlier.

Business filings jumped more than 41% to 33,822 from 23,889 in the year-ago period. Personal filings totaled 934,009, up 28% from last year.

The data also showed that filings for Chapter 7 rose 36% to 615,748 in the 12 months that ended June 30.

Chapter 13 filings, which requires debtors to pay back their debts over time, rose 17% to 344,421 from 294,693 a year earlier.

Filings for Chapter 11 bankruptcy, which is designed for corporations or partnerships, rose more than 30% to 7,293.


  1. I hope all the racist people living in the U.S. wake up and smell the coffee and vote with their pockets instead of their sick hearts and minds.

  2. What are you talking about..racist people?!? It does not matter which way you Vote.. The U.S. has been overthrown without firing one shot, through incrementalism and Zionist policies.

    Faux new and CNN = Propaganda

    Forget about race and ignore the Idiots spouting off about just a ploy to keep us at odds with one another instead of fighting the real enemy, The New World Order!

  3. ya Dalton, divide and conquer has prevailed, imagine that. not a single shot fired...