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Chicago Bankruptcies Soar Despite New Laws, Stiffer Filing Fees

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The recession has left consumers in its wake. In the metro Chicago area, 48,510 individuals filed for bankruptcy protection last year -- 39 percent more than filed in 2008, which saw a 46 percent increase from 2007. The increases were even sharper than the rise in bankruptcies nationwide (which jumped 31 percent in 2008 and 32 percent last year.)

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