Slumping labor and real estate markets, high gas prices and a cost of living increase helped U.S. bankruptcy filings reach the highest daily rate in August since a 2005 law made it harder for Americans to shed debts.
The home states of Joseph Biden and Sarah Palin, the vice presidential candidates for the Democratic and Republican parties, recorded the largest increases from July to August. Filings in Delaware and Alaska were up 36 percent and 34 percent, respectively.