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November 17, 2008

Bankruptcy Filings Increase by 34 Percent
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In other economic news, the number of bankruptcy filings has increased
sharply. Over 108,000 bankruptcy claims were filed in October, a 34
percent increase over October 2007. The New York Times reports
bankruptcy filings are increasing most rapidly in states where real
estate values skyrocketed and then crashed, including Nevada, California
and Florida.



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