Tuesday, July 5, 2011

Consumer Bankruptcy filings Decrease 8 Percent in First Half of 2011

[mEDITate-OR:
assume that a small decline in BKs means that everyone else is doing just fine, thank you.
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Bill@CR is one of the few chart/graph sources that regularly reports the BK filing numbers.
While it is possible for someone to file, and not give up their homes...
it is also possible for them to BK out and stay in the home
not pay anything on their mortgages, and simply wait it out until they are removed.
What is also probable is that they have spent ALL their savings, equity, net worth...
and then, finally, giving up.
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Consumer Bankruptcy filings Decrease 8 Percent in First Half of 2011
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