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Bankruptcy in the News
  • "The second quarter of 2007 marks the fifth consecutive increase in bankruptcy filings since the first quarter of 2006," reports Lundquist Consulting, a bankruptcy research firm, on July 3, 2007.

  • The Institute for Financial Literacy noted that the primary reasons for financial distress in 2006 included: overextension of credit, reduction of income or job loss, illness or injury, and lastly, unexpected expenses. Read Who Went Bankrupt in 2006? A Demographic Analysis of American Debtors for more information