March and April tend to have the largest number of consumer bankruptcies because people will wait for their tax refund check and then use the money for bankruptcy filing and attorney fees.<\/p>\n
Congress revamped the bankruptcy system in 2005 to make it more difficult for consumers to shed their debts. That year bankruptcy filings soared as consumers rushed to file before the stricter rules were enacted. Following the change, filings plummeted.<\/p>\n
But the lasting recession has led to a resurgence in filings as consumers — strained by tighter access to credit, job loss and mortgage problems — turn to bankruptcy as a last resort.<\/p>\n
Consumer bankruptcy filings hit their highest monthly peak in March since Congress overhauled the system in 2005. The number of filings rose to 149,268, 34% higher than February\u0092s filings, according to data from the National Bankruptcy Research Center. The March tally was also 23% higher than the same time a year ago. March and April […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-507136","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/507136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=507136"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/507136\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=507136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=507136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=507136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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