Bankruptcy Filings up 100 Percent from 2007

In the release we find that bankruptcy filings are up 100+ percent from 2007... Now if things were recovering why would bankruptcies still be going up? The fact of the matter is that many Americans are seeing nothing of the recovery. The fact that many of the cases are Chapter 7 means that even with the more stringent means tests, many simply do not have the means to pay their debts