Record numbers opt for bankruptcy
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Business & money: 53,114 people petitioned to go bankrupt in 2007 after being unable to keep up with their debts
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Bankruptcies, dominated by personal filings, fell by about 1 percent in the year that ended June 30, with business bankruptcies falling almost 4 percent, the Administrative Office of the US Courts said Friday.
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As mortgage defaults rise, more houses are being put up for auction  -  and more people are seeing a chance to make big bucks. But there are risks
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WASHINGTON -- Personal bankruptcies appear to have broken the upward trend of recent years, slipping 0.8 percent in the 12 months ending June 30, figures released Friday show.
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Ask yourself whether you live on the brink of financial disaster.
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After caring for patients for 40 years, an Atlanta hospital now is tending to its own wounds. Southwest Hospital and Medical Center, which this month filed for Chapter 11 bankruptcy protection, seeks a financial
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Experts predict there will be a record number of retailer bankruptcies in the coming months, due to rising costs and some of the weakest consumer spending in years.
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About half the people who file for bankruptcy do so because they can't pay their hospital, doctor, and medication bills, Harvard researchers found in a new study.
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The number of Americans who may lose their homes to foreclosure reached a record in the second quarter as late payments by subprime borrowers surged to one of every seven loans.
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Business & money: More than 1% of households were hit with some stage of repossession proceedings last year
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THE REGION Foreclosure filings in Massachusetts rose 72 percent last month as a growing number of homeowners were put in financial distress by the housing market's sharp downturn. ForeclosuresMass.com, which tracks Land Court foreclosure filings against homeowners by mortgage lenders, said there were 1,812 filings last month against borrowers who were past due, up from 1,055 filings in August 2005. ...
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(Source: Webex)  Last year 671,800 small businesses opened, while 544,800 shuttered their doors. Not all of these failures were due to bankruptcy. One major culprit was travel expenses. See how you can proactively react to increasing travel budgets and literally eliminate most if not all of them through web collaboration solutions.
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Saying that bankruptcy was &quot;a real possibility,&quot; Delta Air Lines yesterday announced a sweeping plan - including up to 7,000 job cuts - aimed at keeping one of the nation&#39;s oldest carriers
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WASHINGTON -- With the number of personal bankruptcies rising throughout the nation, the Supreme Court considered yesterday whether IRAs, the popular retirement savings accounts, are safe from creditors during a bankruptcy.
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U.S. bankruptcy filings have fallen to a 10-year low after a tough new federal law made it more difficult for Americans to seek protection from creditors.
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The burden of paying off household debts has reached record levels, says a leading firm of accountants.
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The Supreme Court considered Wednesday how much retirement savings people can shield when they file for bankruptcy, an important question as more Americans go into debt.