http://www.mortgagenewsdaily.com/8272008_Bankruptcies.aspThe number of U.S. residents and businesses that filed for bankruptcy rose 28.9% to 976,831 for the year ended June 30, 2008, according to U.S. court data released Wednesday. The Administrative Office of the U.S. Courts reported that non- business filingsenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/8272008_Bankruptcies.asp#13935Thu, 28 Aug 2008 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:13935AnonymousNo kidding.....weird. I guess people that are facing foreclosure are finding out that BK is the better option since most lenders will do a mortgage 2 years out of BK, but 3 years for foreclosure. Not a bad recovery time, especially if you go into the BK with halfway decent credit to begin with.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=13935" width="1" height="1">