What Hillary said may be true but also misleading. This because if you recall the Bush Admnistration pushed through the Bankruptcy Reform bill, to appease the major credit card companies. This was IMO one of the worst pieces of legislation ever passed during the Bush years, it reduces the power of the average citizen to take control of their own financial lives. One of the reasons I cannot support Joe Biden, whom I like and supported in 1988 before he dropped out, is that he voted for this bill to appease his constituents in Delaware where the credit card companies are the big industry.

Anyway, the impending enactment of this legislation which made it more difficult to declare bankruptcy, precipitated a rush to file such paperwork before it took effect. So there were an abnormally high number of bankruptcy filings the last year and a half. So Hillary may well be right that there were more bankruptcies than college graduations in the last year, or two years, but it isn't necessarily a trend. Seems mostly situational, a response to that horrid piece of legislation.