Where Bankruptcies Stay High
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Almost two years after lawmakers amended the U.S. Bankruptcy Code to reduce filing rates, several regions in the Southeast continue to see elevated numbers of consumer bankruptcy cases, a phenomenon some experts attribute in part to local culture. Bankruptcy numbers over the past few months appear to be slowing down or leveling in many regions. Bankruptcy filings fell from May to June in more than 73% of the nation’s federal court districts, according to Jupiter eSources, a company that tracks bankruptcy data. But bankruptcies continue to rise or remain elevated in the three highest-filing states — Tennessee, Georgia and Alabama. Source : online.wsj.com |