Why the U.S. Is the Largest Consumer Bankruptcy Tracker in the World

As the U .S. prepares for its second-largest mortgage crisis in a decade, more than 5.7 million people have filed for bankruptcy protection in a stunning jump from just over 2.4 million in 2013, according to the Consumer Financial Protection Bureau.But the agency said Monday that more than 4 million borrowers who filed for Chapter 11 protection in October were not included in the latest data.That ...