The March 2018 annual bankruptcy filings totaled 779,828, compared with 794,492 cases in the previous year, according to statistics released by the Administrative Office of the U.S. Courts. A national wave of bankruptcies that began in 2008 reached a peak in the year ending September 2010, when nearly 1.6 million bankruptcies were filed.
Filings have dropped about 50 percent, from 1,536,799 in 2010. Chicago bankruptcy attorney and trustee David Leibowitz could also help parse the reasons for the decadelong decline. First, he says,
American Economic Journal: Macroeconomics 2 (April 2010): 165-193. Most bankrupts (approximately 70 percent) file under Chapter 7, which is the focus of this.. 6 The filings data is an upper bound on consumer bankruptcies, since some hou. First, many household assets are (partially) exempt, and, hence, net worth.
Consumer bankruptcy filings reached their highest point since 2005 in the first half of this year. Through the first six months of 2010, consumer bankruptcy filings increased to 770,117 – 14% more than filings made over the same period last year, the American Bankruptcy Institute said.
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· The local bankruptcy trend for most of this year has lagged the national curve and shown a marked departure from sharply rising filings in states such as California and Florida that were harder hit by housing bubbles. In November, U.S. consumer bankruptcy filings totaled 114,587, up 2 percent from 112,152 a year ago.
Bankruptcy filings for the 12-month period ending March 31, 2011, rose 2.6 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2010, according to statistics released today by the Administrative Office of the U.S. Courts. March 2011 bankruptcy filings totaled 1,571,183, with 1,531,997 bankruptcy cases filed in the 12-month period ending [.]
The 422,061 total filings for the second calendar quarter 2010 (April 1-June 30) represented a 11 percent increase from the second quarter 2009 filing total of 381,073. Consumer filings increased 12 percent from 365,059 recorded in the second quarter of 2009 to 407,609 filings in the second quarter 2010.
· Personal bankruptcy filings slowed their precipitous climb, rising 8 percent in 2010. While it’s a far cry from the 32 percent jump from 2008 to 2009, many experts believe filings are far from reaching level ground. “We have a situation that is nowhere near resolved right now,” given the.
· In December, it reported a third-quarter net loss of $27.1 million. That came on top of a $33.6 million loss in the second quarter and an $8.8 million loss in the first quarter.