INCREASED BANKRUPTCIES IN NEW LONDON COUNTY

Locally, Bankruptcy Filings Jump
Rate is up in 2009 statewide, but New London county sees the biggest increase

By Lee Howard Published on 7/22/2009

While the state saw a dramatic rise in personal bankruptcies over the past three months, New London County had the highest rate of increase in Connecticut, according to a new survey.

The Warren Group, which tracks New England real estate and financial trends, reported Tuesday that 176 personal bankruptcy filings were recorded in New London County in the second quarter of 2009, a 36 percent increase from the same period a year ago.

”The spike in bankruptcy filings shows just how hard it has been for consumers to keep up with their bills in this tough economy,” said Timothy M. Warren Jr., chief executive of The Warren Group, in a statement.

EDITORIAL FOOTNOTE: With an increase in bankruptcies in New London County and the entire state of Connecticut, as well as other places in the Northeast part of the United States, no wonder there is a drop off of gambling at the Mohegan Sun in Uncasville, Connecticut.