Consumer bankruptcies could hit 1.4 million

By: Linda Sandler Bloomberg News August 11, 2009

Consumer bankruptcies show no sign of abating after rising more than a third this year and may hit 1.4 million by Dec. 31 as jobs are lost and loans are harder to get, according to the trade group American Bankruptcy Institute. More than 126,000 consumers filed for bankruptcy in the U.S. last month, 34 percent more ...

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Consumer bankruptcies could hit 1.4 million

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