According to data gathered from the nation’s 90 district bankruptcy courts by the Associated Press, Bankruptcy case filings in the U.S. were up 32% over the previous year, with over 1.4 million cases submitted to the bankruptcy courts.
The AP reported that in the month of December 2009, there was an increases of 22% of cases filed, with 116,000 bankruptcy cases being recorded.
The states reporting the highest increases in bankruptcy filings were Arizona (77 percent increase from 2008) , Wyoming (60 percent), Nevada (59 percent) and California (58 percent).
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