This was an interesting graph I came across the other day. The media always tells us we are so much worse off now than in the Clinton years. Well, except for 2005 (when the law changed and BKs spiked as people were trying to beat the timeline), doesn't appear so, as far as BKs go.
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Filed Ch 7 -- July 9, 2008
341 mtg ---- August 14, 2008
Discharged ---- October 17, 2008
Closed --------- December 11, 2009! -
Look at the jump between 2006 and 2007....it will be much larger between 2007 and 2008 when that is posted. In fact, when you view the entire graph, the jump between 2006 and 2007 is the largest since 1995 except for the "rush" to meet the October 2007 deadline to beat the new law._________________________________________
Filed 5 Year Chapter 13: April 2002
Early Buy-Out: April 2006
Discharge: August 2006
"A credit card is a snake in your pocket"
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