09/27/2010 12:58 pm ET Updated May 25, 2011

Chicago Bankruptcies Soar Despite New Laws, Stiffer Filing Fees

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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