Personal Bankruptcy Filings Rising Fast - WSJ.com

Guess that hope and change thing ain't working out as well as planned.

Personal Bankruptcy Filings Rising Fast - WSJ.com:

"The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge largely driven by foreclosures and job losses.

And more people are filing for Chapter 7 bankruptcy, which liquidates assets to pay off some debts and absolves the filers of others. That is significant because a 2005 overhaul of federal bankruptcy laws aimed to encourage Chapter 13 filings, which force consumers to sign onto debt-repayment plans in exchange for keeping certain assets."

But that's always been the real problem. Hope isn't action and change isn't always for the better. Sittin' round "hopin" has absolutely NO effect on the world. Change? Well, we are certainly getting change. Was it what you expected?