Personal Bankruptcies

The Standard Times reports --

The number of Bay State residents filing for Chapter 7 bankruptcy protection shot up 35 percent in the first nine months of the year, compared to the same period in 2008.


On a more hopeful note, Warren noted Chapter 7 filings had decreased in the third quarter of this year from the second quarter by 8.7 percent.

If the economic news continues to improve, some people weighing bankruptcy may reconsider, he said.

"Nobody wants to file for bankruptcy," he said. "It's a terrible thing to go through."

Personal bankruptcy is a devastating process for families
and it would seem that our leaders would be anxious to
prevent it and reduce the numbers.

Studies indicate expanded gambling increases the number
of bankruptcies. So, why would we support it?

Taken from --
We Can Always Build More Casinos, Right?
A 2005 study by the Federal Reserve found a statistically
significant relationship between proximity to casinos in
Mississippi and bankruptcy rates in the region, which
includes impoverished states like Alabama and
Tennessee.

The evidence is in! We just have to listen to it.