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Bankruptcy Filings Decline in FY 2006

U.S. Courts news release: “Bankruptcy cases filed in federal courts tumbled in fiscal year 2006. According to the Administrative Office of the U.S. Courts, filings for FY 2006, the 12-month period ending September 30, 2006, fell 37.6 percent to 1,112,542, from total filings of 1,782,643 in FY 2005.”

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