This article is in the news archives --- for current news go to the Third Branch News.
Bankruptcy Filings Inch Up in Quarter
Bankruptcy filings in the federal courts for the 3-month period of
January 1, 2007-March 31, 2007 were the highest of any quarter in the
12-month period ending March 31, 2007, totaling 193,641. This was a 66
percent increase when compared to the 116,771 filings in the 3-month
period ending March 31, 2006.
In the 12-month period ending March 31, 2007, 695,575
bankruptcy cases were filed in federal courts. This was a 61 percent
drop in filings compared to filings in the 12-month period ending March
31, 2006, when bankruptcy cases totaled 1,794,795.