U.S. bankruptcy filing rate jumps
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From Times Wire Services
Slumping labor and real estate sectors, high gasoline prices and a cost-of-living increase helped U.S. bankruptcy filings reach the highest daily rate in August since a 2005 law made it harder for Americans to shed debts.
The 94,000 total bankruptcy filings in August put the country on a pace to record 1.06 million petitions for all of 2008, a 28% increase over 2007, according to Automated Access to Court Electronic Records.
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