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Old 01-25-2010, 06:23 PM
 
406 posts, read 695,488 times
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Despite green shoots, bankruptcies still soar - Triangle Business Journal:
I hope this is an indicator of the pain of 2009 and those Green Shoots" multiply in2010.
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Old 01-31-2010, 03:23 PM
 
9,680 posts, read 23,481,401 times
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Bankruptcy is many times the only way out when creditors won't work with borrowers having problems.

Instead, banks raise credit card interest rates dramatically after luring folks into becoming dependent on easy credit.

Even Bush's attempt to penalize good folks by changing the riules didn't stop the trend.

We must realize that most Chapter 7 cases relate primarily to medical bills and unemployment.

The Triangle will see cases rise until the underlying causes are corrected.
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