Monday, August 27, 2012
The report on consumer bankruptcies required by the Bankruptcy Abuse Prevention and Consumer Protection Act has been released for 2011.
The highlights state, "1.3 million debtors filing for personal bankruptcy in 2011. Compared to 2010, 2011 saw a 11% in drop in case filings, 23% drop in filer assets, 25% drop in filer liabilities, and 28% incidence of repeat filers."
The full report is available here.