Bankruptcy Reader

This tough new law was supposed to slash the number of bankruptcy filings, and it did show stellar effects — but only for a short period of time. Now, the numbers are rising again because the root causes of unpaid debt were never addressed. Moneycentral.msn.com reports:

Credit counselors are already reporting an increase in the number of debtors seeking help because of high gas prices and adjustable-rate mortgages that have reset at higher rates. Those debtors may well enter the bankruptcy pipeline in the next year or so.

Read more: The bankruptcy boom is back