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Bankruptcy 2006: Business as Usual?

13th January 2006

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 cards–it will mean that 2006 will be business as usual for bankruptcy attorneys and a boon for credit counselors.

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Personal Bankruptcies on the Rise

11th January 2006

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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