December 08, 2005

YBK [The Bloody Aftermath]: Thanks to the diligent efforts of Joe Biden, Steny Hoyer, and the rest of the Democratic K-Street Caucus, bankruptcy attorneys in Los Angeles and its suburbs were given an early Christmas Holiday present this year. There were over 28,000 filings in the month of October, almost all of them in the first two weeks of the month (a typical month, like February of this year, before the new law was passed, might see only 4,500 filings). That was a 525% increase from the same month a year ago, or almost half the total from last year, in a two week time span.

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