The number of Americans filing for bankruptcy dropped 6 percent in the first quarter of 2011 compared to the previous year, two industry groups said Monday. Get the full story »
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U.S. consumer bankruptcies hit 5-year high
The number of U.S. consumers who filed for bankruptcy protection in 2010 was the highest in five years, and the figure could rise as Americans struggle with excess debt in an uncertain economy, a new report said.
Roughly 1.53 million consumer bankruptcy petitions were filed in 2010, up 9 percent from 1.41 million in 2009, according to the American Bankruptcy Institute, citing data from the National Bankruptcy Research Center. Get the full story »
