SIGN OF THE TIMES: The number of...
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SIGN OF THE TIMES: The number of bankruptcies in the county, steadily going up in recent years, jumped a whopping 33% in 1991--from fewer than 10,000 filings to more than 12,000 (D1). Bankruptcy attorneys blame tight credit during the recession. . . . “Some business managers have given up because they don’t see any significant economic improvement in the horizon,” Irvine attorney Robert E. Opera says.
Bankruptcy Boom
Orange County bankruptcies have more than doubled since 1985.
Source: U.S. Bankruptcy Court
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