2002 Another Record Year for Bankruptcy Filings

WASHINGTON-Bankruptcy filings are steadily rising with no end in sight. According to the Administrative Office of the U.S. Courts, 2002 was another record-breaking year for bankruptcies. Last calendar year, 1,577,651 bankruptcy filings occurred, up 5.7% from 2001. Prior to that the 12-month period ending Sept. 30, 2002, held the record...

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