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Bankruptcy Filings Increase by 34 Percent

HeadlineNov 17, 2008

In other economic news, the number of bankruptcy filings has increased sharply. Over 108,000 bankruptcy claims were filed in October, a 34 percent increase over October 2007. The New York Times reports bankruptcy filings are increasing most rapidly in states where real estate values skyrocketed and then crashed, including Nevada, California and Florida.

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