1.7 million bankruptcies in 2010, but only a fraction of those that need it are filing

According to USA Today, there are expected to be 1.7 million bankruptcy filings in 2010, the most since the bankruptcy laws were revised in 2005. But many Americans “who need bankruptcy protection but cannot get any benefit from it or simply cannot afford to file. As their financial problems worsen, that hurts everyone because it can hinder the economic turnaround.” Read the full story

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