New info points to financial upswing

As local residents have found work again and started rebuilding their bank accounts, fewer are facing the difficult decision to file for bankruptcy.

Homes are appreciating in value. More people are working, confident they know where their next paycheck is coming from. Banks and consumers are using more caution when lending.

Those factors have not only led to increased consumer confidence but fewer bankruptcies being filed, University of Indianapolis associate professor of finance Rachel Smith said.

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