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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: Jim Willie CB who wrote (4426)	5/16/2003 9:36:40 AM
From: 4figureau	Read Replies (1) of 5423

U.S. bankruptcies hit record high Americans’ finances struggle through weak economy WASHINGTON, May 15 — U.S. bankruptcy filings rose to a record high in the 12-month period ending March 31, U.S. court officials said on Thursday, as the weak economy hurt personal finances. BANKRUPTCIES ROSE TO 1.61 million from 1.5 million in the 12-month period ended March 2002, the Administrative Office for the U.S. Courts said in a release. The number of bankruptcies in the first quarter rose to 412,968, up 4.5 percent from the previous quarter, the court office said. “The number of filings continues to break records,” it added. The quarterly figure is the highest in the last nine years. A spokeswoman for the courts said she believes the number is the highest since the courts have been collecting the data. Personal filings rose while business filings fell. Business filings were down 5.8 percent in the 12-month period to 37,548. But nonbusiness filings, the vast majority of bankruptcies, rose 7.4 percent to 1.57 million. msnbc.com

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