Business, consumer bankruptcies up in 2009

U.S. business bankruptcies rose 38 percent last year, to a record since bankruptcy laws were changed in 2005, according to a bankruptcy data firm on Tuesday.

Interest Rates

We start off the year with mortgage rates stable from 2009. The good news continues but as we have said before there are forces at play that will mean higher rates in the near term.

So much for that "special" South Dakota economy.  It's only just slightly better than the national economy, based on bankruptcy filings.

The year 2009 was the year of the bankruptcy for individuals and business. Personal filings in 2009 were second only to the 2.1 million personal bankruptcies filed in the historic 2005.

So much for that “special” South Dakota economy.  It’s only just slightly better than the national economy, based on bankruptcy filings.