Consumer Bankruptcy Filings Hit 4 Year High

Tyler Durden
The facts as reported by the American Bankruptcy Institute: consumer bankruptcy filings reached 126,434 in July, a 34.3% increase year over year, and an 8.7% increase sequentially (116,365 in June). July's number is the highest monthly bankruptcy total since the October 2005 bankruptcy reform aka the Bankruptcy Abuse Prevention and Consumer Protection Act.
Consumer Bankruptcy Filings Hit 4 Year High -- Seeking Alpha

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