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Cutting back: Household debt falls to pre-recession heights

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  • lost in DC West Jordan, UT
    Oct. 15, 2012 4:40 p.m.

    what is lacking from this article is a discussion on how much debt was reduced through borrowers paying it off versus negotiating it away with the creditors or simply having it discharged in bankruptcy.

    What caused household debt to fall? Payment, or bankruptcy?