Photo: #People waited in line outside U.S. Bankruptcy Court in New York City on Oct. 15, 2005, trying to beat the deadline before a new, stricter bankruptcy law took effect.

Bankrupt: Maxed Out in America

Broadcast: Midday, 04/19/2006, 12:06 p.m.

Americans are going broke in record numbers. In 2005 Congress overhauled the bankruptcy system to stem the tide of filings. What's behind the boom in going bust?

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