Log in to WRAL.com with one click using your favorite social network:
OR
Log in using your WRAL.com account:



Wrong email/password combination.

Forgot password?

Register with WRAL.com using your favorite social network:
OR
Register for a WRAL.com account using our web form.

Login Options

3:15 a.m. • 2-12-12

Weather Forecast for Raleigh

  • Today: Clear.
    • Hi: 41° F
  • Mon: Mostly Cloudy.
    • Hi: 50° F
  • Tue: Light Rain.
    • Hi: 53° F

Other Locations

> 7 Day Forecast

Doppler Image

Marketplace Links

Social Links

Main Menu

Personal Bankruptcy Filings Up In Fayetteville


e-mail print friendly

Times are tough, money is tight, and a lot of people are getting out of the red by filing for bankruptcy.

Fayetteville bankruptcy lawyer Benner Jones said plant closings and the high unemployment rate have contributed to an increase in personal bankruptcies.

Jones said Fort Bragg soldiers also play a role in Cumberland County's high number of bankruptcies.

"We have a lot of young soldiers that are not used to handling credit. They get into a financial situation they can't handle," he said.

Jones said that more bankruptcy claims burden businesses and drive up the cost of credit for consumers.

More than 1,300 people filed

Chapter 7

bankruptcy in Fayetteville between January and November 2001. That is up from 978 filings the previous year.

  • Reporter: Shani Blount
  • Web Editor: Michelle Singer

RELATED TOPICS: Fayetteville, Fort Bragg, Job Losses, Cumberland County

e-mail print friendly

0 Comments


WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.

View Comments 0 COMMENTS

This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.

View Comments 0 COMMENTS
Report It

Multimedia

Click Here