Copyright 1999 Globe Newspaper Company
The Boston Globe
March 2, 1999, Tuesday
,City Edition
SECTION: ECONOMY; Pg. D2
LENGTH: 102 words
HEADLINE: Bankruptcy filings set record for 3d year;
LETTERS TO THE EDITOR
BYLINE: (Reuters)
BODY:
More than 1.4 million individuals and businesses filed for bankruptcy last
year, a 2.7 percent increase over the previous year and the third consecutive
record, according to a government report.
The data, released by the Administrative Office of the US Courts, said
bankruptcy filings by individuals increased by 3.6 percent to 1.4 million and
filings by businesses fell by 17 percent to about 44,000. Federal legislation
was introduced last week to
reform current
bankruptcy laws and curb the increase in personal filings. The legislation would make it
harder for consumers to abandon their debts.
LOAD-DATE: March 02, 1999
