By Christian Mullins
Executive Summary:
The number of Americans filing bankruptcy in 2007 increased 38% from the previous year. Despite a 2005 law increasing the difficulty of the filing process, over 800,000 Americans filed either Chapter 7 or Chapter 13 last year. Peter Morici, an economist at the University of Maryland at College Park, said “Americans have been spending 105% of their income for the past three or four years”, contributing to the increase.
International Summary:
- Nothing to report today.
Robbed:
- United Labor Credit Union, Kansas City, Missouri, Wednesday. A man armed with a handgun walked into the branch at 11:15am. He approached a teller and demanded money. The perpetrator left with an undisclosed amount of cash. No one was injured.
- First Choice Community Credit Union, Knoxville, Tennessee, Wednesday. A man brandishing a long, thin blade entered the credit union, took an undisclosed amount of cash, and fled into a waiting minivan driven by another individual. No one was injured.
- Jax Federal Credit Union, Jacksonville, Florida, Tuesday. Walking into the credit union with a gun in one hand, bag in the other, and wearing a ski mask, a man approached two tellers while pointing his weapon at them and demanded cash. No one was injured.
Arrested, Arraigned, Charged, or Sentenced:
- Nothing to report today.
Posted by Christian Mullins 