Archived Blog Post: December 19, 2005

Bankruptcy law backfires on credit card issuers: "More than 500,000 bankruptcy cases were filed in the two weeks before the law took effect, compared with a normal weekly volume of 30,000 to 35,000. So far this year more than 2 million cases have been filed, 49% more than the same period last year and eclipsing all previous records."

[bookmark]