Total Bankruptcy Filings Increase 31 Percent, Business Filings Surge 54 Percent in 2008
Secured Lender, The › Vol. 65 Nbr. 4, May 2009
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Summary
The American Bankruptcy Institute has reported that total bankruptcy filings in the US increased 31% in 2008 over calendar year 2007, according to data released by the Administrative Office of the US Courts. Bankruptcy filings totaled 1,117,771 for the 12-month period ending Dec 31, 2008, a significant increase over the previous year's total of 850,912. Business bankruptcies recorded the sharpest percentage increase as the 43,546 business filings during calendar year 2008 represented a 54% increase in filings from the 28,322 filings made during the 12-month period ending Dec 31, 2007. The 12-month business finding total for 2008 was the highest since the 44,367 filings recorded for the 1998 calendar year.
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Total Bankruptcy Filings Increase 31 Percent, Business Filings Surge 54 Percent in 2008
The American Bankruptcy Institute has reported that total bankruptcy filings in the United States increased 31% in 2008 over calendar year 2007, according to data released by the Administrative Office of the U.S. Courts (AOUSC). Bankruptcy filings to...
See the full content of this document
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