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Cases like Flores' are being brought before judges all across the country, and the number of such legal actions promises to increase. In March, more individuals and businesses filed for bankruptcy than in any month since October 2005, when federal bankruptcy laws were made more restrictive. There were 158,141...

Author: /time Magazine | Title: Personal Bankruptcies Hit a High and May Keep Rising | 4/5/2010 | See Source »

But many law scholars are not surprised by Americans' mad rush to bankruptcy court. Adjusted for inflation, personal borrowing in the U.S. is 10 times greater than in 1960, according to the Federal Reserve. "Now, consumer credit has dried up," says law professor Robert Lawless, an expert on bankruptcy among...

Author: /time Magazine | Title: Personal Bankruptcies Hit a High and May Keep Rising | 4/5/2010 | See Source »

David's plague may have deterred census takers for many years, but when the Founding Fathers invented American democracy, they realized that if you are going to have government by the people, you need to know who and where they are. The founders stuck a Census requirement in the Constitution...

Author: /time Magazine | Title: The U.S. Census: Why Our Numbers Matter | 4/5/2010 | See Source »

Two hundred twenty years later, lawmakers are so unpopular, it's a wonder people fight over the means of getting more of them - except that nowadays about $400 billion per year in federal aid follows the Census numbers, for everything from jobs to bridges to schools, so this really matters...

Author: /time Magazine | Title: The U.S. Census: Why Our Numbers Matter | 4/5/2010 | See Source »

"Government takeover!" So yelled the many critics of President Barack Obama's health care reform bill. But in their focus on the main event, Republicans seem to have all but ignored another part of the legislation that more precisely fits their rhetoric. In addition to securing the President a victory...

Author: /time Magazine | Title: Student Loans Get a Government Takeover | 4/5/2010 | See Source »

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