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Fiscal Year Bankruptcy Filings Up 34 Percent
Bankruptcy cases filed in federal courts for fiscal year 2009 rose 34.5 percent, when compared to FY 2008 filings. The bankruptcy courts reported 1,402,816 filings for the 12-month period ending September 30, 2009; 1,042,993 cases were filed in FY 2008. The federal Judiciary’s fiscal year is the 12-month period ending September 30.
Business filings for FY 2009 totaled 58,721, up 52 percent from the 38,651 business filings in the 12-month period ending September 30, 2008. Non-business filings totaled 1,344,095, up 34 percent from the 1,004,342 non-business bankruptcy filings in September 2008.
For more on bankruptcy statistics, including per capita filings, filings by month, and by quarter, visit www.uscourts.gov/Press_Releases/2009/BankruptcyFilingsSep2009.cfm