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Illinios Bankruptcy Filings Increase 27%+

Illinios bankruptcies increase 27%+

“A 19 percent and 13 percent increase, respectively, over the averages calculated by the Cleveland-based credit-card watcher in January of 2006.”

According to my calculations, that’s about a 10% per year increase in US debt levels.

At that rate, how long will it take to pay off all that debt?

http://www.chicagotribune.com/business/chi-080503bankruptcy

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