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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (5493)9/5/2001 12:39:59 PM
From: Original Mad Dog  Read Replies (1) | Respond to of 10077
 
The five years in which the most personal bankruptcy petitions were filed in the U.S. were:

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1996, 1997, 1998, 1999 and 2000. Yes, 2001 will probably be higher.

This chart is interesting:

abiworld.org

In past recessions we were starting from a comparatively lower base of consumer bankruptcy filings. That is one reason why banks and credit card companies with lots of consumer loan exposure have been hammered the past few months.


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