OhioNews Bureau

COLUMBUS, OHIO: New statistics drawn from the two federal bankruptcy courts in Ohio show an 80 percent increase in the number of Buckeyes going bust since the spring of 2006.

The report, issued by Bob Lawless and found at Credit Slips, a nationally respected blog about credit and bankruptcy, is based on bankruptcy data from March 2008 that revealed that the US average filing rate went over 4,000 per day for the first time since the 2005 bankruptcy law was passed.

Of the ninety federal judicial districts in the 50 states, Ohio’s Southern and Northern districts ranked 49th (representing an 81.2% increase) and 51st (representing an 80% increase), respectively, in the number of bankruptcy filings reported from April 2006 to March 2008.