Monday 15 December 2008

Bankruptcies up 30% compared to last year

According to statistics released today by the Administrative Office of the U.S. Courts , bankruptcy filings were up more than 30% compared to last year. Bankruptcy cases filed in federal courts totaled 1,042,993 for the 12-month period ending September 30, 2008, compared to the 801,269 filings in Fiscal Year 2007. The US Courts website also has statistics for Business and Non-Business filings, and statistics for Chapter 7, Chapter 11, Chapter 12 and Chapter 13 bankruptcy filings.

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