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September 2, 2008

August Bankruptcy Filings

Total bankruptcy filings for August were 93,987 or 4,476 per day.  This compares to 96,385 for July or 4,381 per day.  At this rate, the third quarter will be about 285,000 compared to 272,000 in the second quarter and 240,000 in the first quarter.   If the 4th quarter is roughly 300,000, the total for 2008 will be about 1.1 million.  2004 was 1.6 million; 2003 was 1.7 million; 2002 was 1.6 million.  These were years when home values were rising dramatically and many individuals could not file anything because there was too much equity in their home.  We are back to the times when debtors call me and tell me they are ready to walk from the home because there is no equity.  The point of this is that bankruptcy filings are still drastically down in my opinion. 

PERIOD

FILINGS

PERIOD

FILINGS

PERIOD

FILINGS

DEC. 31, 2007

226,413

DEC. 31, 2003

393,348

DEC. 31, 1999

318,634

SEPT. 30, 2007

218,909

SEPT. 30, 2003

412,989

SEPT. 30, 1999

323,550

JUN. 30, 2007

210,449

JUN. 30, 2003

440,257

JUN. 30, 1999

345,956

MAR. 31, 2007

193,641

MAR. 31, 2003

412,968

MAR. 31, 1999

330,784

DEC. 31, 2006

177,599

DEC. 31, 2002

395,129

DEC. 31, 1998

353,108

SEPT. 30, 2006

171,146

SEPT. 30, 2002

401,306

SEPT. 30, 1998

361,205

JUN. 30, 2006

155,833

JUN. 30, 2002

400,686

JUN. 30, 1998

373,460

MAR. 31, 2006

116,771

MAR. 31, 2002

379,012

MAR. 31, 1998

354,118

DEC. 31, 2005

667,431

DEC. 31, 2001

364,921

DEC. 31, 1997

347,685

SEPT. 30, 2005

542,002

SEPT. 30, 2001

359,518

SEPT. 30, 1997

353,515

JUN. 30, 2005

467,333

JUN. 30, 2001

400,394

JUN. 30, 1997

367,168

MAR.31, 2005

401,149

MAR. 31, 2001

366,841

MAR. 31, 1997

335,073

DEC. 31, 2004

371,668

DEC. 31, 2000

310,169

DEC. 31, 1996

311,131

SEPT. 30, 2004

396,438

SEPT. 30, 2000

308,718

SEPT. 30, 1996

303,309

JUN. 30, 2004

421,110

JUN. 30, 2000

321,729

JUN. 30, 1996

297,162

MAR. 31, 2004

407,572

MAR. 31, 2000

312,335

MAR. 31, 1996

266,149

DEC. 31, 1995

244,494

September 2, 2008 in Bankruptcy Statistics | Permalink

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