Wednesday, August 27, 2008

Bankruptcy filings up in PA

It's getting harder to believe Gov. Ed Rendell's rosy assessment of the economic conditions in Pennsylvania during his nearly 6-year stay in the governor's mansion.

Bankruptcies rose more than 10 percent over the past year in Pennsylvania, according to The Associated Press, which reviewed federal statistics released Wednesday.

Nearly 31,500 Pennsylvania residents and businesses sought bankruptcy protection in the 12 months ending June 30, the news service reported.

Western Pennsylvania was the hardest hit, with with 12,471 bankruptcies reported in the 25-county area the federal government combines for record-keeping purposes.

Central and northeastern Pennsylvania were also hard hit, the wire service noted.

Pennsylvania ranked 11th among the states in bankruptcy filings during the 12-month period ending June 30, the AP reported.

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