Personal Bankruptcies 10% Higher Than Last Year

At its current growth rate, the total number of personal bankruptcies filed in the U.S. will eclipse 1 million petitions around mid-August, the earliest that milestone has been achieved in a calendar year. According to the National Bankruptcy Research Center (a product of Lundquist Consulting, Inc., Burlingame, CA accessible at www.NBKRC.com), personal bankruptcy filings were up 9.7% at the end of the 30th week of 2003 (July 26), compared to the same period one year earlier.

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