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Credit Newswire The latest credit news that might affect your credit health.

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Here are a few recent news articles that can give you a better understanding of bankruptcy in the current economic climate.

Going for broke, American-style

San Francisco Chronicle

Jun. 12, 2008 | By Debra J. Saunders

When the GOP Congress passed and President Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, supporters hailed the measure as a victory for "personal responsibility." Read more

Rising Unemployment Poses Prime Threat To Consumer Finance

SmartMoney, (END) Dow Jones Newswires

Jun. 12, 2008 | By Aparajita Saha-Bubna

For consumer-lending companies, subprime borrowers are the big concern today. But as the economy continues to weaken... Read more

Bankruptcy rising among seniors

USA TODAY

Jun. 16, 2008 | By Christine Dugas

Swamped by debt and rising medical bills, elderly Americans have been seeking bankruptcy-court protection at sharply faster rates than other adults, a study to be released Tuesday indicates. Read more