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11:15 a.m. • 5-22-13

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Published: 1999-01-02 06:00:00
Updated: 1999-01-02 06:00:00

Posted: January 2, 1999

Tar Heels Increasingly File Chapter 7

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RALEIGH — Can't pay off that holiday debt? Watch out. Financial experts say more and more people are filing Chapter 7 in our state. The increase is staggering.

The number of Americans who filed bankruptcy this past year was up just over 3 percent. But, North Carolinians saw an increase of 7 percent.

And the Triangle suffered a major increase in bankruptcies -- a gain of nearly 18.5 percent.

There is some good news, however. Despite the increases, North Carolina's bankruptcy rate is still lower than that of most other states.

  • Web Editor: Kay Miller
Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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