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Gas Prices & Bankruptcy Filings

Here’s a follow up from some posts I made a few weeks back regarding Tennessee as the new bankruptcy capital or at least according this report:

http://timesfreepress.com/news/2008/jun/08/tennessee

The interesting part was the person who implied that there may be a relationship between gas prices & people filing for bankruptcy.

Clearly, $4 gas is having a larger affect on the economy than some people thought.

At the very least, this article provides a closer look at the state having the #1 slot in bankruptcy filings these days:

http://timesfreepress.com/news/2008/jun/08

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