Bankruptcy filings surge to 1 million - up 29%
Number of bankruptcy filings in recent 12-month period rises to nearly 1 million.
By Ben Rooney, CNNMoney.com staff writer
Last Updated: August 27, 2008: 5:43 PM EDT
NEW YORK (CNNMoney.com) -- As things in the economy have gotten worse, the number of people and businesses heading to bankruptcy court has spiked.
Bankruptcy filings surged 29% in the 12 months that ended June 30, according to government figures released Wednesday.
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.
Thursday, August 28, 2008
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