U.S. Consumer Bankruptcies to Reach 1.6 Million, Institute Says
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Bankruptcy filings by U.S. consumers are projected to reach 1.6 million this year, the executive director of the American Bankruptcy Institute said.
More U.S. consumers filed for bankruptcy through the first eight months of the year than for the same period in 2009, according to the institute. So far this year, about 1 million consumers have sought court protection from their debts, compared with about 920,000 at this time last year.