Issue: Bankruptcies
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Filing for bankruptcy. As the economy worsens, more and more Americans are taking the drastic step of bankruptcy to try to recover from their financial hardships. The poor state of the economy has caused the number of personal bankruptcy filings to skyrocket in the past year. Nationwide, bankruptcy filings are up 33 percent from 2007, according to the AACER, a private firm that tracks bankruptcy filings. The firm found that an average of over 5,000 new filings per day were reported in November. |


