SLIGHTLY OFF TOPIC - FORECLOSURE RATES
WORRIED ABOUT THE FAIR DEBT COLLECTION PRACTICES ACT?

WAVE OF CORPORATE BANKRUPTCIES EXPECTED

The Indianapolis Star has an AP story this morning that states corporate bankruptcy filings "should hit courts in a wave within six to 18 months...."  The report comes from an analysis by the American Bankruptcy Institute and Dow Jones' Daily Bankruptcy Review.  Loan default rates are expected to move up, due in part to the effect of higher interest rates.  The industries seen as most at risk are real estate and construction.

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