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Nevada has replaced Tennessee as the state with the most bankruptcies, as filings continue to stack up nationally.
From January to August, national bankruptcy filings reached 954,911, up from 703,732 in the same period of 2008, according to Automated Access to Court Electronic Records. In August, filings were up 22% compared with August 2008. |
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Despite the extraordinary challenges small-business owners face in this downturn, the entrepreneurial spirit remains strong in America. |
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Job losses and the disastrous housing market continue to drive more and more people into bankruptcy court. |
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A new report from Automated Access to Court Electronic Records (AACER) shows that in May alone, bankruptcy filings rose to more than 6,000 a day. |
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The number of bankruptcies in Washington state dropped in May, the first monthly decline since the beginning of the year. |
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