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January 20, 2004

Bankruptcy filings hit record in '03

SEATTLE -- Personal bankruptcy filings in Western Washington rose to an all-time high in 2003.

Bankruptcy cases totaled 30,083, up 4.1 percent from the previous record of 28,880 filings in 2002, according to the U.S. Bankruptcy Court. Filings have reached record high levels in each of the past three years.

The trend in Western Washington is consistent with the trend in bankruptcy filings nationally.

Business filings in 2003 totaled 479, up 4.4 percent from 459 cases in 2002. The number represents the most business cases filed in the court's Western Washington district in the last five years, though it is only about half the number filed at the peak in the early 1990s.




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