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Bankruptcy Overload
Thousands rush to avoid new bankruptcy laws, jamming court dockets for months.
Thousands of debt-burdened Kentuckians rushed to declare bankruptcy before midnight Oct. 16, when the nation’s bankruptcy laws underwent a dramatic change.
They beat the deadline, but lost the race.
The sheer number of new filings means the average case will take several weeks or months longer than usual to be resolved, court officials say.
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