This is an interesting article from the Wall Street Journal entitled, “Personal Bankruptcy Filings Rising Fast.” The article states that in 2009 there was a 32% rise in bankruptcies over 2008. The question is, will this trend continue in 2010? Only time will tell, but I am inclined to think that it will level off a little bit in 2010. In the article, they state that bankruptcies had peaked, which is probably accurate. But I would not be surprised if they stayed close to that peak for quite some time to come.
Personal Bankruptcy Filings Rising Fast – WSJ.com