Bankruptcies Up! 52% increase for businesses, 34% other from last year

A press release, of course issued before a major U.S. holiday, after hours, shows more consequences of our economy. U.S. Courts: Bankruptcy Filings Up 34 Percent over Last Fiscal Year :

Bankruptcy cases filed in federal courts for fiscal year 2009 totaled 1,402,816, up 34.5 percent over the 1,042,993 filings reported for the 12-month period ending September 30, 2008.

bankruptcy filings