National Bankruptcy Research Center

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Consumer Bankruptcies Jump in February

Mar 05, 2008By

U.S. consumer bankruptcy filings increased more than 15 percent nationwide in February over the previous month, according to data made available earlier this week from the National Bankruptcy Research Center. The jump may reflect worsening credit problems from an extended downturn in the housing market, and comes as Congress is considering a measure to allow changes to Federal bankruptcy code for mortgages.

3d rendering of a row of luxury townhouses along a street

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