Saturday, April 4, 2009

Bankruptcies on the rise!

NEW YORK TIMES - "An average of 5,945 bankruptcy petitions were filed each day in March, up 9 percent from February and up 38 percent compared with a year earlier, according to Mike Bickford, president of Automated Access to Court Electronic Records, a bankruptcy data and management company. In all, 130,793 people filed for bankruptcy in March."

Keep those bankruptcies coming! They'll get the point eventually.

Imagine what the number would be if student loans were allowed on filings.

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