BusinessMarch 17, 1997
BUSINESS MEMO: PERSONAL BANKRUPTCIES UP
Americans filing personal bankruptcies passed the 1 million mark for the first time in 1996. Some 1,242,700 bankruptcies were filed last year, up 35 percent from the 918,964 filing in 1995, according to a survey of every U.S. bankruptcy jurisdiction by CDB Infotek, a Santa Ana, Calif. public records research company...Americans filing personal bankruptcies passed the 1 million mark for the first time in 1996.
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Some 1,242,700 bankruptcies were filed last year, up 35 percent from the 918,964 filing in 1995, according to a survey of every U.S. bankruptcy jurisdiction by CDB Infotek, a Santa Ana, Calif. public records research company.
A fraction of those filings were commercial liquidations, typically small businesses. The rest were personal bankruptcies.
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