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January 2014 Archives

US bankruptcy rate dropped in 2013, for the fourth year in a row

The American Bankruptcy Institute, a nonpartisan group that provides research and education on bankruptcy and insolvency, recently released statistics gathered from all U.S. bankruptcy courts, finding that the overall rate of bankruptcy dropped in 2013 by 13 percent over the previous year. Moreover, this is the fourth year in which that rate went down.

Holiday debt? If it's only part of the puzzle, consider Chapter 7

According to dailyfinance.com, more than half of all American parents were planning to take on at least some holiday debt in order to buy presents for their children, and its likely you did, too. Consumer credit card debt in the U.S. totals almost $800 billion -- second only to student loans in the total held by Americans.

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Law Office of Christopher P. Walker, P.C.
505 S. Villa Real Drive
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