While some of this may be redundant, it’s better to list all the articles than not enough.
What is very interesting about this article is that it actually names the states: California, Arizona, Nevada, and Florida as the ones that have the largest increase in the number of people filing for bankruptcy.
Not surprisingly, these are the states that had the largest home price booms over the last decade or so…
Bankruptcy filings jump 30% – Los Angeles Times
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From Bloomberg News
April 5, 2008An increase in March bankruptcy filings is another indication that the U.S. economy is in recession, led by states where the housing boom turned to bust.
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