Total Bankruptcy

In early April, the American Bankruptcy Institute detailed data from the National Bankruptcy Research Center (NBKRC) revealing that consumer bankruptcy filings were up 15.2 percent nationwide this past February as compared to January 2008 and up 37.3 percent from February 2007.

With that in mind, an interesting editorial in today’s Minneapolis Star-Tribune pits the blame for this increase in consumer bankruptcy filings on the credit industry. Give the editorial a read as it offers a a bankruptcy attorney's poignant perspective on the issue.