Personal bankruptcies on the rise


Some new numbers have come out that serve as a reminder that the country is in a recession, regardless of what economists say. Last month, personal bankruptcies increased by 9 percent,according to the American Bankruptcy Institute.

That translates into 135,914 people who last month decided that their lives would be better off post-bankruptcy, than continuing to slog on and sink into a morass of financial despair. Hopefully, the fresh start will help, though you can just imagine that plenty of those people are still unemployed, and while now debt-free, or relatively debt free, aren't yet bringing in a serious income to fund their personal recoveries.