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November 12, 2008

Bankruptcy Filings Central District of California

 The Central District led the nation with 47,140 filings for the 12-month period ending June 30, 2008, up 85.9% from 25,353 filings in the previous period.

 Central District outpaced the national average percentage increase in filings by 57% (85.9% vs. 28.9%) over the same period.

 Current Filings:

                         Ch 7    Ch 11 Ch 13     Total
Jan – Aug 2008   30,107   557   9,655    40,319
Jan – Aug 2007   15,816   212   4,800    20,828

 Overall, filings through August are up 93.6% district-wide when compared to the same period last year.

 The Court is averaging 1,397 filings per week over the last ten weeks, a 108.3% increase over the 671 filings averaged over the same period in 2007.

 Projected 2008 Filings:

Projection Method Projection Filings
Seasonal Average (2000-2004, 2006-2007) 59,102
2 Year Straight-line (2007-2008) 64,903
1 Year Straight-line (2008) 69,579

 The Court is projecting upwards of 69,579 filings this year, the highest pre-BAPCPA annual total since 2003, when the Court had 75,686 filings.

 In 2008, Chapter 13 filings are approximately 24% of the Courts filings, compared to 9% pre-BAPCPA.

 Pro se filings comprise slightly more than of 23% of the Courts filings in 2008, compared to the national average of 6%.

November 12, 2008 in Bankruptcy Statistics | Permalink

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