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Monday, December 15, 2008
Courts - Bankruptcy filings up over last year
The U.S. Courts has issued its quarterly news release on bankruptcy filings. Some quotes:
Dec 15, 2008 — Bankruptcy cases filed in federal courts totaled 1,042,993 for the 12-month period ending September 30, 2008, up more than 30 percent when compared to the 801,269 filings in Fiscal Year 2007, according to statistics released today by the Administrative Office of the U.S. Courts. The September 2008 filings are the highest of any 12-month period since the 2006 implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, when there were 1,112,542 filings in the 12-month period ending September 30, 2006.ILB: Non-business bankruptcy filings, although up over last year, do not approach the pre-BAPCPA of 2005 figures. But note in this Table that the business bankruptcies do.
Years Ended September 30, 2004-2008FY
Business
Non-Business
TOTAL
2008
38,651
1,004,342
1,042,993
2007
25,925
775,344
801,269
2006
27,333
1,085,209
1,112,542
2005
34,222
1,748,421
1,782,643
2004
34,817
1,584,170
1,618,987
Posted by Marcia Oddi on December 15, 2008 03:28 PM
Posted to Courts in general