Best answer:
Find Your Instant Background Report at Government Records Registry Site.
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Consumer bankruptcies topped one million for the first nine months of this year, the highest point since the system was overhauled in 2005.
The number of personal bankruptcy filings for the nine months rose to 1,046,449 as of Sept. 30, the American Bankruptcy Institute, an organization made up of attorneys, accountants and other bankruptcy professionals, said Friday, using data from the National Bankruptcy Research Center. There were 773,810 personal bankruptcy filings for the same time period in 2008.
September’s filings reached 124,790, 41% higher than the same month last year.
http://online.wsj.com/article/SB125451530375860305.html?mod=WSJ_hpp_sections_news
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Simple….because BUSH’S recession isn’t over yet.
Because he’s not doing such a great job. The same reason we had to rush a massive "stimulus" package through without even a hint of consideration in order to save all these jobs that would be lost in a couple of months and yet, unemployment rates are growing at faster rates than they did under Bush. Hmmmmmmm…..can all the liberals please say "baaa baaaa"
All you are gonna hear is it was "Bush’s fault"
Wow…Give the man a chance. He has to clean up 8 YEARS of a mess that Bush made.
HE IS NOT DOING WELL.. the only ones that think that are Obama’s team and CNN.
Because his job was to destroy the middle class & weaken the country for Islamic terrorists.
Considering that more than 60% of personal bankruptcies are from medical expenses, a lot could be because of the the delay in health care reform.
seriously, it takes about a year to two years before the average person exhausts their assets and moves into bankruptcy.
People filing today started on a downward spiral under Bush.
Obama isn’t doing a great job with the economy but he is doing just the opposite of what has been done with bad economies for the last 60 to 70 years. You don’t spend like he has been spending and you don’t tax like he has been taxing to repair a bad economy you do just the opposite. He’s a smart man so why can’t he get this through his head? Maybe he’ll make a surprise move down the road someplace. Ya think?
Obama is betting on the ignorant people that voted for him. He’s hoping that a lot of stupid people are listening to him and buying it !!