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Tuesday, January 5, 2010

Personal Bankruptcy on the Rise

“Chapter 7 filings were up more than 42% as of November 2009, compared with the same period a year earlier, according to the research center. November is the most recent month with analyzed data available. Chapter 13 filings rose by 12% and made up less than a third of 2009 filings as of November.”(Wall Street Journal, Tuesday)

Not everyone can be “too big to fail”.

FEE Timely Classic:
Don’t Fear Deficits” by Russell Roberts