Bankruptcies surge despite law meant to curb them

Bismarck Tribune

04/13/09

The number of U.S. businesses and individuals declaring bankruptcy is rising with a vengeance amid the recession, despite a three-year-old federal law that made it much tougher for Americans to escape their debts, an Associated Press analysis found. ‘There’s no end in sight,’ said bankruptcy lawyer Bryan Elliott of Hickory, N.C., who is working seven days a week and scheduling prospective clients a month in advance...

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Informant: Thomas L. Knapp



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