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Bankruptcies Up by Almost One-Third

The country's economic difficulties took an acute toll on individuals and businesses last year as the number of filings for bankruptcy rose by 31.9%,

By Claude R. Marx | Updated on March 09, 2010

The country’s economic difficulties took an acute toll on individuals and businesses last year as the number of filings for bankruptcy rose by 31.9%, according to data released last week by the Administrative Office of the U.S. Courts.

There were 1.4 million bankruptcy filings in 2009, compared with 1.1 million in 2008, a 32% increase in nonbusiness filings. Last year, there were also and 60,837 business filings, a 40% increase from 2008.

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