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Bankruptcy Filings are Up, Yet America is Reducing its Debt

Anaheim, CA (Vocus/PRWEB)

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1 in every 150 people filed for bankruptcy in 2010. Nationwide that equates to a figure of 6600 filings per million individual. Filings in general were up 9% on 2009.

The highest bankruptcy filings are concentrated in the Southwest. Nevada based on population has more than twice the national filing rates. Not a surprise when the state unemployment rate stands at almost 14%. Nevada has also seen a large population increase in…

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