bankruptcy: Personal Bankruptcies soar 33% in 2008 - 02/02/09 07:29 AM
According to data from U.S. bankruptcy courts and compiled by bankruptcy data firm Automated Access to Court Electronic Records there were more than 1 million filings in the United States in 2008 -- the most since a rewrite of bankruptcy laws went into effect in 2005.
Chapter 7 allows people to discharge all of their debts, while Chapter 13 allows you to repay your debts with a e to 5 year plan. 
The greatest increases in per capita bankruptcy filings were found in Nevada (7.15 filings per 1,000 residents), Delaware (4.02), California (3.57), Florida (3.63) and Rhode Island (3.99). Even thought it … (4 comments)

Chris Lee (RealtySouth)

Chris Lee

Tuscaloosa, AL

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Address: 500 TownCenter Blvd, Tuscaloosa, AL, 35406

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