January 20, 2006

Over two million people filed bankruptcy in 2005, a 32% jump from the year before, or approximately a half million more filers than in 2004. That's a nice round number, a half million: the number of people who filed the week before YBK last October was just over a half million. Chapter 7 filings were up almost 50% from the year before; about one in 53 households filed for bankruptcy protection in 2005.

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