According to the clerk’s office of the Eastern District of Virginia….recent years have seen a resurgence, with 5,448 Chapter 7 bankruptcies already finalized this year.
This post discusses how bankruptcy reform came to pass in 2005 in D.C. And it mentions that while bankruptcy rates intially fell after BAPCPA’s enactment in 2005….
http://connectionnewspapers.com/article.asp?article=320935&paper=63&cat=104
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This morning’s UK news said that home repossessions have gone up 75% compared to the same time last year. Very worrying.
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