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Iowa Bankruptcies up 26% in '09

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Margaret Bassett
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Iowa saw a 26 percent increase in the number of people and businesses filing for bankruptcy last year, part of a trend that analysts predict will soon return bankruptcies to their level before a 2005 rewrite of federal rules.

The jump in Iowa filings -- from 7,978 in 2008 to 10,041 in 2009 -- trails a 32 percent increase in new bankruptcy cases nationwide, according to the National Bankruptcy Research Center.
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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
Related Topic(s): Bankruptcy; Iowa; Statistics, Add Tags

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