Nearly 1.2 million debtors filed for bankruptcy in the past 12 months, according to federal court records collected and analyzed by the AP. Last month, 130,831 sought bankruptcy protection — an increase of 46 percent over March 2008 and 81 percent over the same month in 2007.

Delaware, home to many large corporations, was the hardest-hit state, with a 127 percent increase.

via Indiana bankruptcies soar 41% in year | IndyStar.com | The Indianapolis Star.