Federal courts reported 158,000 bankruptcy filings in March.
That amounts to 6,900 per day and a rise of 35% from February, as stated by Aacer, a court electronic records data collection agency. "People use their tax refunds to pay their attorney fees," said Katherine M. Porter of the University of Iowa.
Source:
http://www.bloggingstocks.com/2010/04/03/personal-bankruptcies-skyrocket-in-march/
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