Bankruptcy filings dropped like a rock during October, declining
more than 10% over year ago levels. Overall, bankruptcy filings are down more than 3% this year. During October, 133,404 filings were made compared to 148,044 for October 2003. Year-to-date bankruptcy filings were 1.3 million. The total number of bankruptcies filed in the 12-month period ending June 30th, was 1,635,725, down 0.9% from a year ago. For the second quarter of this year total filings were down 0.4% to 421,100. The decline for the first half of this year is the first drop in consumer bankruptcy filings since 2000.
Monthly Filings Historical
Oct 03: 148,044
Nov 03: 131,921
Dec 03: 113,383
Jan 04: 114,737
Feb 04: 124,719
Mar 04: 152,567
Apr 04: 145,543
May 04: 136,509
Jun 04: 127,742
Jul 04: 133,390
Aug 04: 125,783
Sep 04: 127,664
Oct 04: 133,404
Source: CardData (www.carddata.com)
Bankruptcy filings dropped like a rock during October, declining
more than 10% over year ago levels. Overall, bankruptcy filings are down more than 3% this year. During October, 133,404 filings were made compared to 148,044 for October 2003. Year-to-date bankruptcy filings were 1.3 million. The total number of bankruptcies filed in the 12-month period ending June 30th, was 1,635,725, down 0.9% from a year ago. For the second quarter of this year total filings were down 0.4% to 421,100. The decline for the first half of this year is the first drop in consumer bankruptcy filings since 2000.