According to a report released today by the American Bankruptcy Institute (ABI), there have now been 1.046 million personal bankruptcies since the start of the year. This is the highest since the first nine months of 2005 when people were rushing to file before the draconian new bankruptcy act of 2005 took effect (still better than the Victorian days of debtor prisons, but not much). The institute expects to see the total for the year top 1.4 million. I think they are being conservative, esp
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Over 1 Million Bankruptcies in 2009 – Analyst Blog
