48:57 minutes (23.5 MB)
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The trend has been accelerating for the last two years – and there’s no doubt it will get worse as the recession deepens. And, despite the fact that Connecticut hasn’t been hit as hard by the mortgage crisis as other states – we’re adding bankruptcies faster than the rest of the nation – across the country filings were up only 30% in 2008 over the previous year…all driven by the plummeting housing market.
Today, Where We Live, we’ll look at bankruptcy – as a trend and as a tool for some. We’ll look at the impact of Bush-era changes, which made bankruptcy tougher – and we’d like you to join the conversation. Have you, or someone you know entered bankruptcy? Do you think it makes sense to give some people a “clean slate” while others struggle to pay bills. Add your questions, suggestions and comments below.