Bankruptcy Filings Ticking Up

Posted on March 8, 2011 at 6:33pm by

Consumer bankruptcy filings ticked up in February, but so far the rise has slowed from 2010. The number of personal bankruptcy filings rose 11% to 102,686 in February compared to a month earlier, the American Bankruptcy Institute and the National Bankruptcy Research Center said Tuesday.

“Though consumers are striving to reduce their debt burden, high unemployment and a still-poor housing sector continue to fuel new bankruptcies,” said Samuel J. Gerdano, the American Bankruptcy Institutebs executive director.

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