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.
Bankruptcy Filings Increase by 34 Percent
HeadlineNov 17, 2008