Consumer bankruptcy filings fell again in August. Filings have fallen every month this year compared to 2010, which is good news. Still, over 113,000 individuals filed for bankruptcy last month. Thirty percent of those were so-called "Chapter 13" filings. Individual bankruptcies decline as people pay down debts, borrow less Chapter 7 liquidation offers a "one and done" option for just about all individuals Chapter 13 lets most individuals reschedule debts over three-five years Like this article? Share it with …
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