Retaining 1970s Credit Limits Would Have Reduced Bankruptcies by 25 ...

10/26/11

Retaining 1970s Credit Limits Would Have Reduced Bankruptcies by 25 Percent
Newswise (press release)
Bankruptcy filings have grown overall from about 110000 in 1960, to over 1.6 million in 2003, according to the US Department of Justice. Filings dipped to 480000 in 2007, then jumped back up to nearly 1.1 million in 2010. "Bankruptcy is cyclical ...

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