From Hawaii:
After riding a wave of prosperity, Maui County residents are struggling to cope with a recession that has swept through the islands.
Read the rest here:
http://www.mauinews.com/page/content.detail/id/520909.html?nav=10

According to the link below, it looks like the US currently has 130% *personal* “debt to equity” ratio:
…if an average family spent all of its income paying its debts starting right now, not leaving a penny for anything else — not food, clothes, birthday parties, grass seed, pedicures, nothing — it would take that family [...]

The passage of 2005’s Bankruptcy Abuse Prevention and Consumer Protection Act (AKA “BAPCPA”)…is what’s commonly called the “new bankruptcy law,” even though it was more a collection of laws.
BAPCPA brought sweeping changes to who could file for bankruptcy.
Primarily, it introduced a complicated “means test” that now disallows many high income debtors to file for Chapter [...]