Financial Reflections

It seems no one can avoid foreclosure these days…

If you’ve read my previous posts, you will know that foreclosure has been on my mind lately. Not because I’m facing foreclosure myself (I’m doing fine in that department), but because I know of about a dozen homes within walking distance of mine that are for sale — and have been for some time.

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I last wrote predicting that personal bankrtupcies would drop dramatically in 2006.  Now an article in MSN Money makes me think I might be wrong.  The dramatic dip in bankrtupcy filings after October 17th, 2005 has reportedly picked back up.  If the trend continues–and it isn’t like the entire nation collectively cut up their credit [...]

CNN Money reports that personal bankruptcies are on the rise.  That may just be a yearly trend, because based on weekly data, the filings dropped dramatically after the magical date of October 17th, 2005.

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