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Economy: Personal Bankruptcy #134691

ABC Evening News for Thursday, May 16, 1991
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(Studio: Peter Jennings) Statement from Federal Reserve Board chairman Alan Greenspan that Americans are not saving enough reported.

(Denver: Beth Nissen) Financial crisis for Americans who are facing personal bankruptcy examined. [Debtors WOMAN, Christine HERSHBERGER, William FRANZ - cite their debts.] [University of Pennsylvania professor Elizabeth WARREN - profiles the debtors.] [HERSHBERGER - talks about debts.] Role of nonprofit Consumer Credit Counseling Service in helping people budget and avoid bankruptcy explained. [Bankruptcy attorney Mark DAVIS - talks about helping people get a fresh start.] [Visa United States of America Ken CRONE, bankruptcy court clerk Brad BOLTON, FRANZ, WARREN - talk about bankruptcy.]

(Studio: Peter Jennings) Extent of personal bankruptcies in this recession cited.

Reporter(s):
Jennings, Peter;
Nissen, Beth
Duration:
00:04:50

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