November 4, 2008
Bankruptcy Filings Increase Again
Total Bankruptcy filings for October was 108,595 or an 8% increase over last month and 33% increase over October, 2007. At that rate, total filings for the 4th Quarter will be about 326,000 or an annual rate of 1.3 million. That amount would exceed the total in 1999 and 2000. 2001 through 2004 exceeded 1.5 million each year (1,492,000 in 2001) and of course the bump in 2005 of 2,078,000.
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