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September 2006

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This article is in the news archives --- for current news go to the Third Branch News.

 

Federal Courts Snapshot: Bankruptcy Filings Creep Up After Fall


Total monthly bankruptcy filings in the federal courts were 133,707 in July of 2005. They rose to 630,402 by October of 2005, and fell to 14,521 by November 2005. The drop in bankruptcy filings occurred with the implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Most of the Act’s provisions went into effect on October 17, 2005. Bankruptcy filings are creeping up slowly, with June’s monthly filings totaling 54,734.

For all of June’s bankruptcy statistics visit www.uscourts.gov/Press_Releases/bankruptcyfilings082806.html. Historical data is available at http://www.uscourts.gov/bnkrpctystats/bankruptcystats.htm.