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Kentucky bankruptcy up 66 percent

By Jacque Day

Kentucky – The bankruptcy rate in Kentucky has jumped almost 66 percent. Attorneys gathered Wednesday in Lexington to discuss why it's happening and to learn the latest in bankruptcy law. The discussion cited a slowdown in Kentucky's construction industry as one cause. Creditcard.com reports that in Kentucky, almost six out of every 1,000 people will declare bankruptcy this year. In 2007, the ratio of was four in 1,000.