June 28, 2005

YBK [Part 8]: Some good news, mixed in with the bad. In May, bankruptcy filings rose 5% nationally, the third straight month the number of filings were up significantly from the year before. However, the raw totals were sharply down from March and April, which, although historically not unusual, is a sign that the initial interest in the new bankruptcy law may be cooling, at least for the time being. In the meantime, keep watching those foreclosure numbers in Massachusetts and California....

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