Bankruptcy filings have now risen to about 14,000 filings per week compared to approximately 8,000 filings per week six-months ago. One-year ago filings averaged 35,000 per week level, prior to the full implementation of the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005." During July filings neared 63,000, the highest level since October when the reforms went into effect. The number of filings in the first quarter is the lowest number of quarterly filings in the last 20 years.
MONTHLY FILINGS
Nov 05: 21,457
Dec 05: 32,480
Jan 06: 34,411
Feb 06: 39,636
Mar 06: 42,724
Apr 06: 44,989
May 06: 43,780
Jun 06: 54,937
Jul 06: 62,986
Source: CardData (www.carddata.com)
Bankruptcy filings have now risen to about 14,000 filings per week compared to approximately 8,000 filings per week six-months ago. One-year ago filings averaged 35,000 per week level, prior to the full implementation of the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005." During July filings neared 63,000, the highest level since October when the reforms went into effect. The number of filings in the first quarter is the lowest number of quarterly filings in the last 20 years.
