Filed under: Economic Data, Personal Finance, Financial Crisis
Personal bankruptcy filings have been climbing steadily since 2007 when the U.S. tumbled into a deep recession. With unemployment near 10%, bankruptcy filings are on the rise.
For the fiscal year ending Sept. 30, more that 1.5 million non-business bankruptcy filings were processed, according to data released by the Administrative Office of the U.S. Courts and reported in CNNMoney. That’s a 14% increase from 2009.
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Bankruptcy Filings Surge 14% in 2010 originally appeared on BloggingStocks on Tue, 09 Nov 2010 10:00:00 EST. Please see our terms for use of feeds.
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Early Thursday morning, Blockbuster (
A day before it was set to go under the gavel, the sale of Sex.com stalled. The domain name was set to be auction, but an involuntary Chapter 11 filing by three of the company’s creditors has put the brakes on the bidding. Escom LLC, which owns Sex.com, his on the hook, it seems, for an eight-figure tab.
