April 16, 2008
Bankruptcy Filings Increase
According to the latest statistics, 226,000 bankruptcy petitions were filed in the October-December, 2007 quarter throughout the country. That is about 4% more than the previous quarter and about 27% more than the same quater last year. The statistics are laid out nicely on the U.S.Courts website.
Looking though at the quarterly filings from September, 1996 until BAPCPA, total quarterly filings have not been under 300,000. Total quarterly filings have generally exceeded 400,000 since June 2002 until BAPCPA. Perhaps the effort to prevent, i.e., discourage, filing is working better than we think.
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